Oh, and if you're living in the duplex yourself there are additional considerations like 121 exclusion and home-office expenses and depreciation. 

Ensure they have an insurance policy and put you on it as an additional insured.4.

Most title companies won't do "double closings", but they will do wholesale fee closings.

It's the same work to do a $50K loan as a $500K loan so the fees will be higher due to the loan amount but will still be much lower than what a lender or broker gets paid on a higher loan amount.

@Jonathan Ghione S8 tenants are getting more and more "spoiled" in our area - Metro Detroit.Too many newbies and Turnkey companies are waiving application fees and security deposits, also giving them recently rehabbed, really nice homes.Then they trash them.Have you stopped and thought about WHY someone qualifies for a S8 voucher?

Factor in ALL expenses like property taxes, insurance, repairs, maintenance, vacancy rates, and potential property management fees.2.

City of DHS is tough right now, they are enacting new very strict STR rules and it's tough to manage the process and fees unfortunately. 

@Jessica Morrisonall good, thanks for the additional info. some questions to think through - what are the numbers while you're living there, vs. if / when you move out? 

@Ruchi Patel if the walls need repair from damage, like painter will itemize special primer or cleaner so crayons don’t bleed through, then my understanding is you can charge them for that part of the job, but only if it’s an additional charge above the normal paint job fee.

These are professionals with additional training and a stricter code of ethics.