@Melissa YeungThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

hi everyone,i am in the process of analyzing a duplex, and I've just learned some new info about and I'm wondering what I'm missing about the implications of the following details:-duplex is tenanted already; duplex is priced quite low for the neighborhood, so interior condition is unknown-property is a duplex via an addition. it was originally built as a sfh.

If a property is $100,000 and the rent you could get is $500, right off the bat without further analysis, you can tell it will *not* be a good deal.

@Rhonda Wilson The property manager I'm looking to use gave me a pretty detailed report from Rent Range.  

The Cash Flow analysis is way too optimistic.  

Happy to share more details for those interested in my situation or want to charitably help me make some critical decisions in the next couple days.Here is Brian's article I'm referring to: https://www.biggerpockets.com/renewsblog/2013/01/2...

@Robert Adams can you  share some more details of such condos and what kind of cap rates are you seeing assuming you deal with those

Hello,Seeking guidance......I will do my best to give as much detail and keep it short.

At least with Quickbooks Pro Desktop, you can use the check window to record the entire purchase HUD with as much detail as you want.

Take a look at the spreadsheet for details.