It is not a get rich quick scheme or anything, but it does allow you to start getting debt pay down, depreciation, appreciation and potentially cash flow when you move out.

If so, there are plenty of high-paying real estate-related jobs that could help you learn the business further, network with others in the industry, and potentially even help you find deals that make sense. 

SO the property i am potentially buying i know how to do most of the work like drywall, flooring, bathroom. 

Reason why i have started looking at a potential BRRR strategy and looking outside of the MLS. 

DSCR loans for refinance based on the income potential of the rentals.

The reason I bring this up is that changing from a single member LLC to a trust with both you and your Husband could potentially reset your 2 year holding period requirements if you wish to 1031 exchange again in the future. 

A break-even duplex in CA has the potential to have high cash flow in just a few years due to the following 1) low prop taxes increase of 2%/yr 2) low turnover due to rent caps 3) 7-10%/yr rent increases 4) better tax shieldingThe real question is whether you’ve underwritten the duplex correctly.

Better to lose nearly $10k in rent (~50% of 90 day rent value) than get a risky tenant.Especially if you self manage, make sure you understand the protections provided mid term renters in CA.Good luck Hey Dan,Do you mind sharing for what reason(s) you disqualified the potential tenant?

Good people do not knowingly scam others out of 25k.4.

Sometimes a potential tenant will ask to enter the home to view it before finalizing the rental contract.