A lot of my clients purchase deals under their names because they are highly leveraged and do not want to deal with the complications & filing requirements of having an LLC.

I am looking for my first deal and was wondering if its a good idea to purchase a foreclosed or auctioned house for my first deal as it seems some of the best deals are through this route, but I also know that it's a bit more complicated and perhaps riskier. 

That is where liability will creep in because now you have to justify the reason everyone else wasn't selected, it can be done but it just creates unnecessary strain. 

Some say it's unnecessary and that they will just use a shower at someone else's home.I do not reduce rent.

@Jason Etheridge@Wayne Brooks nailed it: no need to complicate anything for tax purposes.

I would not have a two month fee to release one person, that is too complicated  and can backfire.

@Elliott FisherBasically, you need to find the cash or a new loan really fast if the lender calls the loan.You do realize its more complicated than this, right? 

I'm still saying probably because there could be other complications we have not uncovered. 

I could easy find three right now who will do the same thing for me (in fact this isn't the only lender I've used that has done this for me).Point is, shop around and you won't have to worry about paying for all these unnecessary fees. 

That's a complicated way of saying you'll pay no or very little taxes on the sale.Flipping your inherited home will give you seed capital to pursue your real estate ambitions.Anyway, back to househacking a duplex...