The problem is to separate the pool from the rest of the building you need to segregate the costs of these pieces of the property.

Together their income is sufficient but separate it isn't.

After doing quite a bit of research, and finally deciding to jump in the real estate game, I have pulled the trigger and purchased two separate Duplex's in my home town area of Southern Georgia (I currently work and reside in North Carolina). 

:)  A better approach would be to find several lenders and let them tell you how much they have to lend, and keep the lender separate from your investment activity.  

Some invaluable insight there.For your "rent to a group" strategy, are you thinking that they're under one lease or separate leases per individual?

I'd like to use the same entity, but I'd also be willing to setup separate entities for each state if that's the best course of action.Thanks

They want to see nothing has materially changed from property tax and other records when they evaluate a property.For commercial a separate phase one environmental and pcr (property condition report) is performed.

There is a separate forum for this as well.Best of luck!

Is that why the sole prop has a separate EIN?

If I plan on running this like a business, should I have an LLC from the beginning to separate business from personal income?