This is actually my Grandfather's property that I am trying to get him a monthly cashflow since he is now in an assisted living situation.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

If I secure FHA funding, I would live in the house for the required time, then rent it out.

@Christina Colon be aware that if you do start forming entities you may have additional tax filings.

Construction materials: Frame, no basement, roof: asphalt shingles, Floor: Carpet on stairs and bedrooms, LVP: Kitchen and living room.

Clearly I will be doing tons of work on the house, and not living there at all.

Would like to get all your expert thoughts on what's exactly stopping me from proceeding with a Duplex deal :)  Need to know how do I avoid the "would I live here?"

The family moved out however they had guess living with them who didn't move with them.

I'm new to the REI world, currently living in Elizabeth City, NC while working in Norfolk, VA as an active duty Sailor in the USN.

I'm currently living in one side of the duplex and planning to rent out the other side.