I will be doing a 203K Limited FHA loan (no structural changes). I have the inspection reports, the list of what I need done/repaired, and the renovation bid paperwork. I will need the bids sooner rather than later an...

#BPDebateI think we will hit the wall here in the next 12-18 months.What I think will happen is a spike in interest rates and maybe some inflation. 

I have a duplex and single family home in Racine area, also 2 four bedroom and a warehouse with business /tenant. 

So I am looking at getting a duplex for my first rental property (living in one unit and renting the other).

It appears that the 2008 recession actually started in 2007 and people just didn't realize it was happening until it was too late and we had the major Wall St fiasco. 

I wanted to throw the numbers out there to see if you all had any advice or if I was missing something.It’s a duplex, electric is separate but gas and water are shared.Purchase Price: 71,000Annual rent: 18,600Annual insurance: 1,200(est.)Taxes: 2,883Garbage: 290Vacancy: 1,860(10%)Maintenance: 1,860(10%)Management: 1,116(6%) 775 placement fee (50% one months rent)Capex: 930(5%)Total: 10,914Annual mortgage: 3,453.6018,600-14,367.60=4,232.40 cash flowUnfortunately management is a must since it is long distance.

My LLC is registered via a 3rd party and my name is not anywhere on the articles of incorporation (as I am trying to keep some privacy but also have that wall between tenants).With this being said, after you transfer your LLCs from your personal name to an LLC, I understand you cannot change the terms of the existing tenants lease, however, is there some sort of short and simple communication I can give the tenants letting them know that the home has transferred ownership and that their lease agreement held up and house under XYZ LLC? 

It is a duplex, electric is separate but water and gas are not.Purchase price: 71,000Annual Rent:18,600EXPENSESVacancy:1,860(10%)Maint:1,860(10%)Managment:1116(6%)    750(placement fee 50% of rent)Capex:930(5%)Insurance:1200(est.)Taxes:2,883Garbage:290Total:10,889Annual Mort:3,453.6018,600-14,342.60=4,257.40 cashflowSeems like it could work, i am thinking i will have to bill the tenants for gas/water/sewer after I get the bill. 

Hello BP nation,I have a situation and looking for some guidance and help.I've purchased my first duplex last April/May, with intentions to house hack.  

-Buy a duplex/triplex/quadplex etc, live in one side and rent the other units out.There are tons of possibilities here, these are just a few ideas.