Quote from @Angel Peng: Currently in contract to close on my first duplex but the Landlord insurance cost took me by surprise.

This loss will be carried forward. 

Quote from @Pat Arneson: Quote from @Mitch Messer:Quote from @Pat Arneson:I've read a few old posts regarding this topic and have those documents in order, but I still have the following questions regarding a private loan (from family) --Loan Documents for Purchase -1.

There is understandably a lot of drama between them that we have had the opportunity to hear about, but we are not interested in that. 

I transformed this unit into an Airbnb, and it now generates over $2,000 per month.

Currently living in this till the summer of 2025.

Quote from @Zachary Engen: You'll want to chat with Anthony Wong (AJ) with fathom realty.

Got to know about this group through "The Book on Rental Property Investing".

If all parties were agreeable (and would likely agree on an interest rate lower than a bank's would be), with $0 down his monthly payment would jump $300-$500, but now he would be building equity in the property.Is there anything else I should tell him or anything I am missing?

Obviously I would charge more for this (research shows 25% - 35% over LTR rate), and I wouldn't be furnishing the house.