I would recommend a smaller, local bank for this.If you spend the majority of your time focusing on these 3 pieces of your team, I believe the other pieces you listed will more naturally fall into place, and save you time rather than screening a bunch of different people for the job(s).

I assume it would fall under the "all your eggs in one basket" category.

The DBA takes seconds to implement, but I can't see a down fall can you going this way?

If your other falls through, let me know.

I've read through the forums and I am inspired by many of the success stories found on these forums.Currently, I've read through J Scott and Brandon Turner's books; Good resources and lays the foundation quite well.I'm aware of the pitfalls many newcomers fall into, and with the tight market I'm sure it's not the easiest of paths.Doesn't matter.

@Kevin Schaefer,Seems to me you're missing a couple of key elements here:- a buyer- the numbers on the propertyUntil you know the numbers for certain, it will fall to a potential buyer to do that research.

This will be my first big investment and I am extremely nervous about buying it and watching it fall apart and fall into a money pit any suggestions on what to look for out and inside of the duplex?

@Doug McLeod I'm going to do a little bit more research and talk to some people about getting a loan in my name and see if there's anything I can do to get the property under my LLC (trying to avoid any sort of liability falling onto me).

In the future when you fall far behind market you risk losing them as a tenant when you attempt to bring up the rent.

I am not saying that it looks like a bad deal, but that it likely falls in the medium to expert level of mobile home investing.