The house is located in South Durham which is seeing a lot of growth recently, and is only about 1 mile from my house.

They might as well put it to use sooner rather than later ;-)Assumptions: We’d live within 10-20 miles of one another.My kids and their spouse(s) would provide assistance to the renovation process as they are able to.

In other words if you live in a duplex, you can only deduct half of your expenses such as depreciation, landscaping, common utilities, etc if they benefit the entire property.

Since this park is half empty, is it because there is no demand in the area?

I had been considering another duplex to make this property #2 for me but I was running the numbers and the house is making exactly half of the duplex for the half the down payment.

I'm currently half way through the process of getting my real estate license and I guess my question to anyone willing to impart any wisdom or past experiences is whether or not I should hold off until I complete my class and get licensed to start my campaigning.

Gabriel,I'm half Puerto Rican, never been there though... someday!

As a second issue, since I have held most of my properties for many years half are mortgage free, fully depreciated and have insanely low taxes (thanks Prop 13).

I have a 4-plex that is half STR and half LTR. 

Remove 2 first floor walls with engineered headers and added a half bath on the first floor.