HI Guys,I finally made a decision to make the move to Washington DC in two months, I am really looking to buy a duplex or triplex that is "relatively" inexpensive ( my budget is around the 300k range I know that this could be a  tall order being that the market isn't only hot but the location is a bit more of the expensive markets.

There's no way a seller can run a property for 2,500 per unit in expenses in our market, and we plug in what we run the property for.Let a bank help with the underwriting.

As a single investor not operating within a company entity I was curious if it seemed overkill to establish something like this but it seems to be worth doing just for the value of it and how inexpensive it is to do. 

Never get into consumer debt (buying things on credit that go down in value) except for possibility a car that is reliable and very inexpensive. 

You can find very inexpensive properties in good areas in NJ and PA within reasonable driving distance that have much higher returns.

We all know of new paint and new floors, but sometimes small details go a long way.Some examples are:Outstanding welcoming front door - nothing will increase your curb appeal more than a fantastic solid front door.Brand new metal mailbox - a dented and scratched mailbox screams 'run down' a new box is inexpensive and a metal one will shine in the sunlight and make the property glimmer.New outlet covers - they cost pennies and can update the feel of a room.Updated taps in all baths - we all can pin point baths from the 70's or 80's simply by the tap designs. 

That's okay, you can forgive yourself, but try to keep the mistakes as inexpensive as possible. 

You could buy a relatively inexpensive 2 or 3 bedroom house with a couple of roommates that will cashflow as a rental property when you move out. 

., I have a property that collects $750 in rent, and I have a property that has a $900 worth of expenses (rehab work) – should the PMC send me the $750 in rent, and I then send them the $900 in expenses via separate method, or should the PMC take the $750 in rental income, and bill me the $150 as the difference?

I like the idea of this solution since I really don't want to invest in expensive commercial machines for this building and I only have 4 single women living there that won't generate boat loads of laundry.