Duplexes give you the additional tenant while still being in nice neighborhoods.It is even more critical to screen your tenants effectively for smaller properties as even one vacancy can create a huge headache. 

As a contractor you ALWAYS work using the customers money .

Here's what I set aside per unit:Taxes:  ~ $100 per monthTurnover expense:  3.5% GSRWater/Sewer/Trash: $30-$45 per monthMaintenance: 12%Cap Ex: 2.5%Overhead: 1%Insurance: ~$25/mo.Debt service (100% leveraged): $350-$400EVERYTHING ABOVE is increased by 10% to account for vacancyAll told, each unit still cash flows between $100 and $200 per month.These are B-/C+ small MF properties.Note I do not pay for management as I self-manage, but that is offset by the increased debt service created by the 100% leverage. 

They will lead you down the right path as far as creating an entity and what type to form and what should be in your articles of incorporation. 

But again, the experienced national QIs will be able to work with you just fine.What the best ones have figured out over the years (I can't believe the revised statute is now over 20 years old) is that taking the mystery out of the 1031 is the best customer service you can offer. 

I have no deals under my belt, not money to finance my own, and I am very excited about the challenge of creating something from little other than my mind, my connections, and my determination. 

In the likely event you can't get this information I'd simply cut the loss for if you can't prove the tenant created the damage, it's futile. 

In particular, I would be very interested in @Ken Breeze plans, in creating an European BiggerPockets community.Thanks for providing this great platform!

Are you saying to create 2 entities ?

I don't think it will create any equity that you could pull out, but if you are planning on keeping the building, it seems like a good idea.