A single bad tenant will cost you thousands to tens of thousands of dollars.

Setting up and maintaining an LLC involves costs, including filing fees and potential legal or accounting expenses.

. $40,000 including closing cost) under my wife and my name since we will be living in 1 unit and rent the other unit out.

Essentially there is a property management company that finds investors to pay for the build of duplexes that are then sold for 30%-40% more than the cost to build.

If your competition is at 60% cost to income, then you should be close to that

We appreciate your business, and we hope you continue to be happy in your home.In recent months, property taxes and school taxes have increased, and the costs of labor, materials and insurance premiums have increased significantly.

Although, there are costs associated with forming and maintaining an LLC, such as state filing fees and annual reports that are to be noted. 

In your case, having a local owners rep could certainly help but that will add additional costs.

Low cost of living, strong job markets, and strong monthly rental growth in both these states have a lot to do with it too.

The Oregon location, I'm trying to work with my brother on getting him an FHA loan and me covering the cost on a multiplex and he has been delaying a bit.