A double closing is two completely separate closings.

Best advise I have heard is keep your business and pleasure separate.

The electric is metered separately between the tenants, so I don't pay for any electricity there so I won't plug in any lights.

In our case, the house has been separated into an over/under duplex where rooms in the upper unit are rented to women and those in the lower unit to men.

Each has a separate pin number.

Don't really see them here in Georgia.Lease Option is best described as two separate agreements.

Separate utilities.

It's a 44yr-old building, so I would allow 10% maintenance and plan on a separate CAPEx budget.

It is a very "small town" where there is literally about 1 degree of separation from anyone you meet ;) As for properties with low/no down, I belong to a local investor group and there is currently a couple selling a SF rental with a current tenant at $700/month for $64,500 and offering to carry the financing with 10% down.

. :)Originally posted by Chris Winterhalter:@Marc PflegerAlso pay the money for a good lawyer...it will be well worth your investment.Just placed the call - thankswhat if my llc were to purchase the property from the contractor's LLC with an understanding that a separate partnership agreement will be drafted?