And recommended property managers for single-family homes. 

@Sam P.As many have said Cap rate is not typically used for small multi family...

There are many more of this type of property in Durham as older homes with basements are still price accessible.To make it a "legal" or permitted duplex, the process is definitely cost and permit intensive, and in most cases may require you to use a GC or similarly licensed tradesman for parts of the project.

If you are being represented by a realtor consult with them what the typical earnest monies are for an offer.

There is also a large Victorian Home in the historic district (in city limits) that would be a possibility because it's more space and closer to Downtown but still a desirable neighborhood.

It made it super easy for us because he already knew exactly what pictures to take, how to make sellers feel comfortable (if he was going to an occupied home), things to look out for, etc.Unless a seller has grossly misrepresented the condition of the property, we very rarely have to renegotiate after we "inspect" the property.

Investment Info:Mobile home buy & hold investment.

I'd try to stay to the smaller homes somewhere in the range of 1500sqft or less. 

We are looking for people to paint homes/kitchen cabinets, countertop companies and lay tile in the Tampa area.

But since this wasn’t the initial plan, I already placed the home in an LLC about a year ago, will that prevent this rule from being valid?