I knew nothing about renovations, home ownership, or property management, but I had a vision, determination, and a mentor in my dad.

When you have a duplex and tenants on both sides stay for ten years, it almost guarantees that something isn't right.I would study your market and determine the value of your rental, because I bet you are losing money every month.

. - Value add - When building additional units, what steps should be taken to determine how many can be built? 

And how do you determine your company's returns on these types of projects? 

Additionally, an LLC can make it easier to separate personal and business finances, simplifying tax filings.Quick Tip: Work with a tax advisor to determine whether an LLC is the right structure for your investments.4.

Ordinarily those tenant vacated damages would be too remote, but it sounds like they were contemplated by both parties at the time of contract.Were I in this situation I would be looking to state law to determine if the EMD is truly the extent of my potential liability as a buyer. 

I think there are actually 2 questions here to determine if it makes sense for you to do cost segs on these 2 properties. 

.: I am trying to learn and understand... someone told me that its not just size of the home or level of the flip that determines profit, and that in some markets, what is considered a typical profit is 300k based on the 70% ARV formula.

The specifics of your situation will determine where you might need to fall on that spectrum of holding period.

You will also need to determine how much you want to raise.