GreetingsI recently purchased my first duplex (House-hack, VA Loan, 3.25%) and want to ensure I set myself up for success.

I’m so eager to get started I just want to ensure I’m not leaving any stone unturned. 

From the side of someone providing capital, I'd be scared that you don't have the experience or contacts to execute a rehab efficiently or operate a rental property (maybe you do, just an assumption), so I'd want more of a partnership scenario.Based on the information provided, I would propose something along the lines of these two options:Option 1 - You Keep Long Term EquityPurchase $300k via installment sale of $14,000 per payment, paid yearly for 40 yearsRehab $100k (or whatever it ends up costing)Title to be held in capital partner's nameAll net rent proceeds to capital partner until they get an 18% IRR on invested capitalCapital parter goes away  Option 2 - True PartnershipPurchase $300k via installment sale of $14,000 per payment, paid yearly for 40 years.Rehab $100k (or whatever it ends up costing)Form a GP or an LLC and hold title in that entity's nameDo the renovation. 

I have a 2nd position note/lien...how do I ensure it is recorded in 2nd position?

Facebook is also a great tool for vetting prospects and identifying any red flags.If your looking to ensure you have a constant stream of bodies to fill any vacancies sticking around the Drake area can have some positives. 

That way you help ensure they're keeping the yard, keeping up the inside and clean up at least once a quarter. 

Hi @Myles Penner I will recommend that you speak with a cross border accountant who may be able to advise on the most tax-efficient structure.You can PM me if you need further information.

@Robert, if you are set on a SFH for those reasons you could always look into one with a detached ADU (guest house) to rent out...otherwise, just ensure you buy a home that is below your means, and understand that it is (most likely) a liability.

He was given legal notice to vacate, so ensure that the move-in is AFTER that date.Perhaps also get your other family members to shame him out.

A lifetime ago I used to live in Parlin while I worked in Holmdel.What strategies will you employ to ensure you gain traction toward your investment goals?