The federal government along with local municipalities are always going to want to see a fair run game.

Let them have some skin in the game too and help oversee the property.

@Brian BoydThis might be the best game in town.Good job dude.

Here's the really powerful end game - If you stay in that duplex for at least two years of the 5 year period immediately prior to selling it you will get to take the first $250K of profit ($500K if married) from the primary residence side tax free. 

I suggest having at least a little skin in the game... unless it's just an amazing deal. 

I took a pay cut with my company to keep it afloat, play the long-term game, and to stay with the company/help it grow, so I have been strapped with cash.How should I responsibly handle this 1k/month once we move in?

Me personally, I'm in the buy and hold game.

Hello all I am new in the Real Estate Investing Game in the Tampa Florida Area.

They have more skin in the game then you do.Make sure you get clear title.

Interesting reading the first few posts on this thread....I would pull out of the Vacation Rental game for the next few months and suggest STR's to travel nurses and such.Get creative.