Fannie Mae allows a borrower to transfer title to the property to an LLC that they are the majority members of after closing without it violating the due on sale clause.

None of the properties I have analyzed even come close to being cash flow neutral or positive.

Even if you assume a 30% tax rate on a 15% return you should generate close to 10.5% after-tax return, which is greater than the 9.5% borrowing cost and 8.3% opportunity cost of keeping the funds in the retirement account.

Account Closed this is an interesting project by a reputable developer.

Also, keep a close eye on the MLS in your target market.

However, it doesn’t sit right to close on this property without having power on in one of the units.

That agent will know your goals and become part of your process from start to close.

I’m excited to get started and I’m very close to buying my first duplex.

I would just factor in the difference between $800 and $1500 until leases run out as part of my 'closing costs'. 

My favorite part is that we can take the percentage of the structures assessed value (assessed improvements value / assessed total value [including land] = Percentage) and the play our purchase price by the percentage to get our depreciable basis (not including acquisition/closing costs, of course).