We have visited several homes but none of them seem to be good flips for our first project.

We usually recommend that if there's no other reason or difference in recording cost you go ahead and purchase in your name and then contribute it into your LLC.  

Pros:Fewer days on the market (aka reduce vacancy) from additional marketing time and lining up the tenant before the existing tenant has vacatedStaged homes rent better than one w/o furniture (although rare the tenant has good enough style :))Ability to perform an informal "move-out" inspection, which provides a better idea of the turnaround time before the new tenants can move-inTenants may tidy up the place a bit and get a head start on their move-out process (rare, but worth pointing out)Cons:Reduced rent --> assuming some of the above bullet points are a stretch from reality (aka staged home and tidy up the place), the clutter and style may detract tenants from wanting to move-inInconvenience to the existing tenantsCoordination of the showings requires contacting the existing tenantsI know many SFH will list the property while other tenants are in it, but you must take it on a case-by-case basis, and it's heavily dependent on the existing tenants.

I was just pre-approved for financing and am beginning the journey by analyzing properties and setting up some visits today@Jeremy Pace@Jesse Peña@Chris Pasternak@Melissa Gittens@Gary Swank@Jerry Padilla@Helen Bollinger, by house hacking I was indeed referring to living in one unit and renting the other.

I went to school up there and visit whenever I can.

You're not a 40-something married mother of three looking ahead to her golden years.

Every time I go home to visit family I'm amazed at how gorgeous the place is although as a teenager all I wanted to do was leave.

I'm asking so I know and can be prepared with how to handle and be a step ahead... 

I haven't had too much experience with this subject as of now, but I'll definitely keep you in the loop with things that I've learned through this experience.But, I do have to go ahead share with you something I learned right off the bat purchasing this duplex..NEVER assume someone knows what they're doing just because it's their profession or because they get paid to do it.

I did not accept the counter-offer, and rather scheduled a second visit.