Hi all,I'm evaluating a duplex deal right now in Kansas City, Missouri.

I’d evaluate the local market you’re in to see what options are out there, then find your niche.

Walk Away.Your cash flow stream won't easily make the hole - that unfortunately you are starting out in.I am not a big fan of "turn key" investments. 

I don't know a good way to easily quantify that. 

I expected that it might not make $370k, which is what I offered and only $5k higher than asking, but there was plenty to easily justify $350k not taking into account that it was fully remodeled.

With the right setup you could easily justify the PMI. 

 If you turned yours in and seller reviewed all offers at once (which is what usually happens nowadays), the offer that is “expired” could be extended quite easily if agent asks their agent.

We could probably rent it for 2200 pretty easily.  

You can easily transfer title to your LLC shortly after purchase.From what I've heard, land trusts don't provide any asset protection or tax benefits as an LLC would so DEFINITELY speak with an attorney before going down that road. 

@Oleksey Goncharov - I feel like all properties are different and it really depends on where the property is, what the tenant class is, how old the building is etc.I don't think a PM should ever be making more than the owner.....unless it's just a very poorly managed building that has a ton of repairs.Probably the best person I know to help evaluate your numbers is @Mark Ainley