I recall asking if the 18/SQ ft was part of that 200k investment - the response was "Oh, you'll see all the costs broken out.

How did they get the money from the insurer?

If the numbers are correct, there's maybe $20K to $50K in profit when all is said and done...

Love or hate DR he exposes the reality of being a real estate speculator he was a house flipper who bought foreclosures. 

Tons of resources and good insights on here. 

Quote from @Leo Alvarado: Hey guys, I am currently in the process of closing on a two unit duplex that I will be occupying while renting out the other unit.

You can do this with a simple, one-page addendum, or even a written statement added to the existing lease and signed by you and the tenant.Example:This lease agreement is hereby amended to reflect the change in ownership of the rental property located at 123 Straight Street, Cody, WY 82414.

Make sure you know what it's like to be an Agent before you spend thousands of dollars on MLS fees etc.. 

Many investors make the mistake of over-improving their purchases in Class C/D areas, which when damaged by Class C/D S8 tenants - costs them thousands.Another fallacy of S8 investing is that the S8 Caseworker will keep the S8 tenant inline by threatening to take their voucher away.- The reality is this depends on each individual caseworker.

Chat with a trusted loan officer to figure what the numbers would look like.