Plus you'll have to pay to furnish the space, if it isn't already furnished. 

Hi All, what is the best way to pay contractor who work on home repairs.

Anyone who does it faster is either likely to be too highly leveraged for protection if the market turns or has a really high paying job starting out.

How much did you pay for the land?

Did you consider a straight pay for MLS? 

They normally pay rent like everyone else and you have to deal with approval from their board for decisions. 

I was moving forward with them but was just informed i need to sign CA form D-1 which states "the insurer does not patriciate in any of the insurance guarantee funds created by California Law, therefore these funds will not pay your claims or protect your assets if the insurer becomes insolvent" .Seems kind of risky but does anyone have any thoughts on this?

Usually we have a few thousand dollars each year to invest after we max out these accounts (and it usually just goes into a taxable brokerage account where we use it to buy Berkshire Hathaway or Markel or some other stock that does not pay a dividend).That extra money was actually how we ended up buying this duplex - thought it might be a good way to diversify our investments.I was wondering if I could use net income from our duplex (assuming we have net income, and by net income I mean what we report to the IRS) to fund a solo 401k or some other kind of tax-advantaged plan?

I am curious as well and will be following this thread - I use Quickbooks because we also have a construction company and it works well for that BUT I have to email an invoice to each tenant every month with a link to pay online. 

But to live on just rental income and no other sources you just need to do the math.. with levearge its takes a boat load of Real estate .