Hello, I am brand new to bigger pockets. I have bought rental properties in the past so I have some experience and have recently gotten my real estate license. I found a property that if split into two units could yie...

The front storm door was detached from the closer device and needs to be repaired.The front doorbell was inoperable and should be replaced.BasementThere were a few cracked floor joists in the 1070 basement that should be repaired or replaced as necessary.

These are the numbers:Duplex in LBCost:         $550,000Repairs:   $40,000Total:        $590,000Down:      $118,000 (20%)Monthly mortgage + utilites, taxes, vacancy rate, etc:  $3,300.00Monthly total rent:  $3,600.00Cash flow:  $300.00Caprate:  4.9%The property is in a Class B neighborhood.  2 Detached buildings on a lot. 

She wants us to build a detached apartment in our backyard and rent it out as an Airbnb. 

suggestions on how to achieve cash flow and have place to stay few months in a year   (probably duplex / multi plex and have one unit for me ) Aloha Ron,It has definitely created a new set of obstacles, however, it is not impossible to cash flow on STR or LTR. 

Are these attached or detached units?

(Fingers crossed for a unconventional BRRRR) -What legal obstacles are we looking at regarding the securities aspect?

Hello BP,I am doing my due diligence and researching to buy a duplex and house hack.Specifically, it would be a Single Family Home with a detached Granny Flat, purchased with an FHA Loan.My plan is to live in one of the units, (most likely the granny flat) and rent out the main house, (either long term or airbnb).My question is when I decide to sell, what are my options and what should I be aware of in regards to 1031 exchange and 121 exclusion options. 

Starting to invest now is going to financial bury you if you face any slight obstacles down the road.

I am not necessarily looking for anyone to loan me money at this point in time, but I want to ensure that I can build a relationship so that I feel confident when I have a deal in my hand, that I can act quickly, close, rehab, and move on to the next.Also, seeing as how I am attempting to invest in Norcal, more specifically the Bay Area, the prices are much higher, is this going to present an unavoidable obstacle with a lender when attempting to obtain almost 100% financing?