Seems like renting to our own LLC would have roughly the same effect, unless you left out something critical to the discussion.

Open communication and understanding for both parties is key.I hope this helps, let me know if you have any other questions!

Larger properties create economies of scale that can result in higher yields and more stable cash flow.Returns: It's not uncommon for investors to make a better return being passive than they would have if they took the plunge themselves.Direct access: Unlike traditional investments, passive real estate investment offers direct communication with the people responsible for the performance of your investment and the properties themselves.Tax benefits: Investors can receive significant tax advantages that come with ownership of real estate, such as depreciation.

A good lender for a newbie should know the loan options including FHA, be a good communicator, be willing to guide you through the process and be organized.Initial cash flow will be real bad (real large negative) at 96.5% LTV. 

I dropped off a check over the weekend minus about 30%, which he hasn't cashed yet, and hasn't done a thing or communicated a thing about any work being done.  

Thank you Joe and Minna, yes my agent seems to be very attentive to my me and very responsive when it comes to communication.

Purchasing in the path of progress is much more effective than purchasing in A/B+ neighborhoods with good schools.

This duplex was converted before zoning laws took effect in the area, and was grandfathered as a legally non conforming structure, listed as a duplex. 

Emails are not promptly answered and when there is a response, sometimes the communication would be better if it were done verbally to better explain and answer follow up questions. 

My question to you all would be: how can I use these next 8-10 months effectively to move towards my goals with real estate investing?