We want to start looking for another duplex but need advice on what to do.

I would like to have a mortgage payment in the $3500-$5000 range.I am just getting started in real estate investment properties and don't know enough about how other landlords show that the other mortgages are covered by rents and qualify for additional loans?

Where should I start?

I just wanted to know if it’s necessary to start a LLC before my first deal and have a good business structure ?

.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.

Being a newbie at this, I have to start somewhere and get my feet wet, right?

I looks like the former, based on the following definition --"The term placed in service means the time that property is first placed by the taxpayer in a condition or state of readiness and availability for a specifically assigned function, whether for use in a trade or business, for the production of income, in a tax-exempt activity, or in a personal activity."

I started investing in real estate in 1978.

After a few years of licking my wounds while running my grass fed farm, I decided that the only way to recover was to liquidate my remaining property and basically start over investing in real estate.

I’ll start by saying I’ve heard doing this is a death sentence for resale but has anyone built a 1 bed 1 bath home and had any luck selling it?