If they are considering eventually moving someplace else this could be a good move... do a 1031 exchange to buy a condo in Scottsdale, rent it out for a couple of years, then eventually move into it.Finally, you did not mention if your parents live in the duplex now...

Pro Forma makes it nicer with the possibility to raise rent to 1550 or maybe eventually 1600/side.

Pro Forma makes it nicer with the possibility to raise rent to 1550 or maybe eventually 1600/side.

Technically I own a job but am looking to invest into the business for gains to grow the business and using this to support my real estate investments eventually.

Eventually will look to hand off to a professional firm as it grows (and can support the margin loss to having to pay for a bookkeeper).

If you want to buy and hold a good investment like a lot of people eventually want to do I would suggest finding a deal that cash flows much better like a tripleX or more In a less expensive area.

If we do end up in a bind, we can't necessarily control what our tenants can pay, but we can control our own steps for preparing for that eventuality.

Yes capex is defined as major repairs that you will eventually have to pay for.

You'll build up a pipeline of folks to keep following up with who will eventually become buyer, seller, and/or investor clients.Best of luck to you moving forward!

I do think LLC is eventually the goal I just don't want it to be something I am overthinking that keeps us from our next deal.