There are some additional discounts for having auto insurance with the same company but I didn't include those.What does the HOA cover?

After taxes, that is 52k per year in CA, which means you need to save an additional 20k annually over the 70 you have.Living off 32k in Santa Barbara sounds improbable.

I am a single guy with no kids and technically my current rent situation isn't that much ($300.00).

(Addition, Renovations,  etc.). 

Should you convert the attached 1-car garage into additional living space?

I will offer to help them any reasonable way I can like helping with their kids fundraising events,attending and sponsoring their charity event and sports teams,and just be apart of their lives to stay at the top of their minds when someone they know needs a Realtor to handle their real estate needs.

We are going to apply for a small business loan to open the LLC and for any additional start-up costs. 

Additionally, this property is close to the airport so there is a lot of potential to turn it into an airbnb hub, leading to more cashflow and of course, more management/cleaning time.Long story short, would you take a deal with these parameters:- Asking price $165,000 (pre-MLS price) - Duplex consists of: 1 bedroom main floor and basement unit & 1 bedroom upstairs unit- Total rent: $1600/month (tenants pay utilities)Addendum: I just bought my first property with 11% down (before I found BP), so any suggestions (or links to forum posts/blog posts/podcasts) on creative ways to finance this deal, please let me know.Thanks BP community.

I have a few expenses coming up like college tuitions for two kids (perhaps even grad schools)  that I know i have to budget for, and the BRRRR approach seems to me the best route for that, and plan for my eventual retirement.    

When you say that refinancing limits your ability to write off interest, do you mean that you won't be able to write off the additional interest increases or do you mean that it will also hinder the previous amounts as well?