Five years from now when you have your third baby on the way, you can buy something bigger and rent your side of the duplex.  

As a side not, I am not sure development achieves what their objective is.

I have many questions about this process but want to start with some pretty basic info, I am currently reading the book on rental property investing by Brandon Turner and its opening my eyes to a lot of sides to this process I was unaware of before. 1. 

Ive considered investing in a duplex, renting one side out, living in the other.

Hi BPers,I'm gearing up for a direct mail campaign and I realized that I was a bit unsure about how a subject to transaction would work in DC, due to the fact that DC charges a pretty hefty transfer and recordation tax of 1.45% on each side of the transaction (2.9% total).

This market is hot so I need to "lock up" the deal, if it still works.

Another issue with the LLC is that, it's not very fluid, in that you may run into hurdles down the road when you try to refinance - but it does give you protection.On the apartment building side, I am currently closing on an 11 unit and in that case I would highly recommend the LLC / S corp structure for protection, liability and anonymity - it's just a higher risk investment. 

Current owner purchased in 2003 and made several upgrades to the property with roof and siding replaced in 2006. 8 one bedrooms and 8 two bedrooms.

In general, the entire country is hot- the RE market is doing well and unemployment is virtually at 0%, so in relative terms, Chicago shouldn't be that much different than the rest of the country.

However, it is impossible to turn into the driveway when the house is on the right side of the road.