While I have lurked around BiggerPockets for several years, I plan to get involved in the community here and hopefully give as much or more than I get out of it.

@Thomas TalbertI recommend finding a tax strategist specializing in business taxation and business tax planning.

Now out of the main warranty. 

I plan to get a 3 bed with a garage which I will live in, and rent out the bedrooms.

Gastonia:Kannapolis:Big Ideas in Kannapolis Downtown Plan (over the course of 20 years starting in 2015)1.

If you plan on managing it yourself, you want to be close to monitor any improvements and get familiar and comfortable with the entire process.

Subject To deals are RARE, but being familiar with the concept can allow you to get a deal done quickly, with a real plan to get the seller's note paid as soon as is practical, but immediately if it becomes necessary.

With this house being bought in full the plan is to get a HELOC or HEL to purchase another property when finished.What made you interested in investing in this type of deal?

An absolute headache to deal with due to corners cut by the builder (we are outside of the build warranty). 

We just closed on a $550,000 home and plan on renting the duplex out.