Trying to hold off until after the first of the year for tax purposes.

Grandiose claims...

Townhome cost about $250/mo (mortgage, tax, insurance,) less. 

I have to bring my trust documents, my operating agreement, tax returns, the IRS EIN document. 

Can I use that on my taxes?

Do you have a current need for that cash flow generated from the tax savings?

Research rental comps in your target neighborhoods.Expense ratios: Repairs, vacancies, property taxes, insurance, property management fees, etc. can take a big chunk out of gross rents.

Property taxes were too high.

All of these numbers seem low, especially property taxes if this is in TEXAS:Vacancy $105.00 (3%)Repairs $105.00 (3%)Management $175.00 (5%)Property Taxes $66.67 (2%)What kind of unit is it?

A break-even duplex in CA has the potential to have high cash flow in just a few years due to the following 1) low prop taxes increase of 2%/yr 2) low turnover due to rent caps 3) 7-10%/yr rent increases 4) better tax shieldingThe real question is whether you’ve underwritten the duplex correctly.