Then any extra money you have save for investing in real estate further.Then for your current property, I would get a loan against it.

If you have high earned income and can funnel some of the extra money into your passive real estate business to make repairs etc that supplements the passive cash flow, can you still write these expense of as business deductions, even though the money came from your earned income?

CPAs and tax attorneys extra.

Obviously this will cost more than if you hired each trade yourself, bought materials yourself, handled inspections but you should be ready to pay the extra cost and watch everything closely so you can learn.Your question is very short so i can't tell if you have contractors you've talked to and can't decide who to hire, or if you don't know where to look.

I signed up for the Rich Dad/Legacy Education Real Estate investor class in Plano,TX on May 18-20, 2018, and it came with an extra seat.

He stated that with the costs of the LLC setups (especially the multi-LLC setup) that it would have it's own costs as you stated and extra costs with managing the accounting.

However, someday I will move on to the next deal and the duplex will revert back to $1200.Clearly, the extra $300 boosts my real CoC return on that deal.Thank you in advance for your comments.Bob

Tearing down hazmat is different than a regular demo job so depending on the county you may have some extra costs on that side as well.Testing, clean up, and certifying costs can get really pricey really quick if you're going to do it the right way - but even after you've got it passed off by the health department, you will still have to disclose the history to renters of buyers. 

I appreciate the extra info, especially regarding brokerages and creative financing. 

@Brian Foster @Isstad Rashadeem @Tom Smith Consider this extra tidbit when evaluating acquisitions: determine if those flood zone properties can be reclassified before striking them off your list.