@Matt Smith Hey Matt, A few items here: You can always offer the 80% of the listed priceThere is already meat on the beat, it is the $500 less than what you're paying right now, and YOU (no, sorry TENANT) is paying down your mortgageDuplexes are hard to come buy in your area [you found one of the unicorns-this is a sign lol] One item to watch is the number of rooms and bathrooms, which could increase your ongoing maintenance expenses, but you already have some capital set aside so you've got that covered too-you're rock n rollin!

How do I set up an LLC to cover my rentals?

Is it Possible to Use a HELOC to Cover the Down Payment on a Second Home?

After that we are covered 100% on top of the $300.

We had a first great meet-up today in Eden Prairie with Account Closed and one other gentleman to discuss our goals, needs, and next steps.We are doing it again next month.Hit me up if you'd like to join.No pitch, no cover - lunch and learns!

I cover the electricity (it's a 498sqft studio), and include parking, and the price becomes that much more attractive. 

That being said, a contingency clause can cover you and allow you to back out if the property doesn't appraise.

So it doesn't surprise me that you have rented apartments rented for 2k when it doesn't seem to be enough to cover all the expenses.People have been investing in Hoboken for price appreciation which in the past years have, by far, exceeded cash-flows returns investors made in other places. 

That was on a $250K SFR my total closings in NY without my down payment was almost 18K luckily I got a sellers concession that covered most the closing costs. 

We want to put in a concrete patio to cover part of yard but need ideas for rest of yard.Can Anyone recommend ideas with our $2000 budget, pictures of your projects would be appreciated!