Property development- applying for well permits with the State of Colorado, working with architects, water attorneys, civil engineers, consultants, Douglas County planning and zoning, and Cherry Creek Watershed Authority.

We would plan to keep our current home and rent it out as well if we did this.I appreciate your insight on the tenant-landlord relationship, makes sense to target a better quality neighborhood to hopefully prevent some of those issues.

We prefer to have tenants on yearly written leases, unless we are looking to sell the property or have other plans and may do extensions of 6 months and one day if tenants are planning to relocate, purchase a home, etc,  and cannot commit to a 12 month lease.

I've seen a few houses that list as 3/2 requiring substantial rehab, but could probably become 4/2 with the right plan. 

Although it was in good condition, we earmarked some funds for further improvements, including repaving the driveway, installing a new privacy fence, and making select upgrades and repairs inside the units.One of the standout features of this property is its prime location near the vibrant downtown area of Bryan, with easy access to restaurants and shopping, which added considerable value to our investment thesis.Initially, our plan was to utilize the duplex for Airbnb rentals.

Plan your down payment carefully, factoring in closing costs and potential renovations.

Also, checkign with Planning, of course, as far as zoning, etc.

But have you ever considered how beneficial they can be as a tax strategy for estate planning?

So I want to make sure we have a plan and know what we are doing before we do.

If you plan on really scaling up, you'll probably want to go with an llc.