I have been an avid reader now for about a year but finally officially joined the community.

Study the info on this site and the podcasts so you can speak the language.

The couple's boss sister or sister-in-law was the loan officier at the bank that did the loan.

Without language in the lease requiring them to pay utilities, you can't just assume that it's their responsibility.

They are officially off my radar for the first couple years of my RE portfolio.2) I wan to spend around 300k for a duplex in Austin, within 10 minutes of downtown.3) I am not 100% sure I want to do a live in duplex.

But, bc of the exact risk you mentioned my attorney is looking at my association docs to see if we can tweak them to officially document that the "association fee" will be paid monthly and the dollar value will be equal to the master policy but that all other major expenses would be split 50/50.

Part of your answer will be state specific, and part will rely on the language on the underlying mortgage, and part may rely on how you interact with the first mortgagee.

I am pretty sure no one is going to complain about your title as "Founder/Managing Member" regardless of if Organizer or Founder is the official title.

Its not an official REIA, with annual dues or membership fees. 

Thanks in advance.Hi Steve...You are the Original Tenant Buyer...Here is some language to use...This agreement shall become void after 90 days if the Original Tenant/Buyer has not assigned this Agreement.