Im not trying to scare you, just prepare you. it will probably be a great deal, and all work out, just be aware. 

From a practical standpoint it appears a landlord should be prepared to wait 6 months to clear the existing tenant and/or come to some kind of agreement with tenant to move--I would not call it extortion, but with financial assistance apparently available for deposits, an existing tenant has a lot of leverage over a selling landlord.Are you thinking that DCHA makes the payment to a tenant to relocate them prior to the end of a lease rather than the landlord as well as that DCHA essentially has to sign off on any eviction/termination with cause that is prior to the end of a lease term (and it appears that can only be after the first 12 months?)?

Warning: once you put a request in, be prepared for instant responses!

If the HML forecloses and ends up with the property you get nothing - zero - you only get something if someone buys the HML interest and they have to deal with you to make it complete.But if the buyer is at 100% financing and the HML forecloses and your in second position - you get zip.Be 100% prepared to lose this money before you invest it.

Also if the duplex is older, be prepared for higher maintenance costs.

I would suggest you acquire a "Sales Agreement" for your State, talk to a Title or Abstract Company that you will use to close the transaction and issue title insurance,and prepare the deed for the new buyer.

But you both have prepared me for the conversation that I would have with her.

Call it a script or call it preparation, but I see it as essential preparation for communicating with prospects.Here is an old realtor "for sale by owner" script that has done me very well over the years.

I am currently preparing paper files for my clients consisting of documents signed, such as Escrow Agreements and proof of payment which I will forward to the attorney.

So, moving money between the LLC's checking account and your personal checking account is irrelevent for tax purposes.I'd find a real CPA, not just an H&R block tax preparer.