However, considering a sale of the property would net about 175k after paying off the LOC, commission, and other fees- I have to think a downpayment of that size on another property would be more beneficial.

If so, that is beneficial to you.

I think it's beneficial being on Clifford opposed to an off-street since Clifford has heavy traffic which results in less property crime.

and thank your for commenting.I agree with you a 100%.Having said that, metropolitan cities like Los Angles, New York City, Chicago, Miami and Houston in particular, where rents are very high comparatively, it will definitely be beneficial to acquire mix unit.Now when you look at smaller markets, most people are looking for more space / number of bedrooms.

I had assumed property management (PM) companies were overpriced and a poor choice for an investor without lots of cash-flow already accumulated from multiple properties.

That may not be my wife's choice so I would do what she wanted.Good Luck.Bill

Will they look at one choice or multiple choices to fund your loan?

Would we purchase the duplex with our personal credit and move it into the LLC, or would it be beneficial to have the LLC totally formed before we make the offer, and use it immediately?

The wife is out so now I have no choice but to get up and answer the door.

Title to be conveyed to the Tenant/Buyer and/or assigns.(19)CLOSING:The deed shall be delivered and the purchase money shall be paid at the lending institutions, or other office, of the Tenant/Buyer's choice, no later than sixty (60) days after notification to the Landlord/Seller of the Tenant/Buyer's exercise of the option.(20)COSTS AND PRORATIONS:There shall be prorated between the Landlord/Seller and the Tenant/Buyer, as of date of closing, the following items: (a) All real estate taxes and assessments, (b) Interest on encumbrances assumed or taken over by Tenant/Buyer with the Tenant/Buyer having responsibility for such items as follows:Landlord/Seller will pay:Tenant/Buyer will pay:____________________________________________________________________________(21)INSURANCE: While this option shall remain in effect and up until the time of closing, the Landlord/Seller shall maintain fire and extended coverage upon the property, and in the event of loss or destruction in whole or in part of said property, the Tenant/Buyer shall have the option to proceed with the closing and accept the insurance proceeds for said damage, or to declare this Lease/Option null and void, releasing both parties from any obligations hereunder, except for the return of reimbursable expenses previously paid by Tenant/Buyer which amounts shall become immediately due and payable from the insurance proceeds.