My partner, a West Point graduate that was in the year ahead of me, approached me with this deal.

Also your offer goes straight to the bottom of the pile after the other offers that do have pre-approval/ proof of funds and not all listings will even consider an offer like that. 

Can you buy a duplex where you rent half and live in half and come out further ahead? 

Plus, you can’t really get a straight answer here since it’s governed by the State laws and case history where the LLC is formed.As one accountant here on bp put it, you can have 100 rentals personally owned, 100 rentals and 100 LLC, or 100 rentals and one LLC.

Go ahead and buy an ugly duckling that needs only a bit of work-maybe some painting, change the flooring in one room. 

Or just straight calling the number back?

I have 3 deals going now. one single family 4br 2 bath in a good school district that doesn't need a lot of work. would be great for a fix. how do i proceed? A duplex with a closing close by and another one where owne...

I know I’m going to need it, but I definitely look forward to the challenges ahead.

If you learn ahead of time, your learning will be far less expensive unless you pay someone a bunch of money for an education/coaching program before doing some basic learning on your own.

Plan ahead.· Another topic to touch on for those operating multifamily properties is the vacancy factor.