@Roberto Andrade  if you own that is a good thing.. prices there are still relatively low with a median at 274k much like here in PDX... but half of the most of the better parts of CA.. and other high dollar areas.. there is nothing wrong with having a high dollar city in Texas.

You would need to see if they did first months rent half off or free.

If you're just looking for a 16% return, you're not underwriting your investment.There are millions of dollars worth of these notes within 40-50 miles of you, so many you can't buy them all, even half of them.

. ($65,000 in equity)The second duplex we live in half of it and so we break even.

If husband and wife sell half of their primary resident to their son, are they still exempt for half of 500k (250k) capital gains?

As far as the ARV, I would look at the nearest three most recent CLOSING transaction prices (NOT listing prices) of like properties within a half mile radius and work your way out from there.

(Closed 4/24, rented out at $1500 a month on 5/5)  Then snagged a 1344 sq ft. two story. 3 bedroom, 2 and a half bath, 2 car garage town house on Lake Hartridge in WH.

Half would be on the schedule e for you investment and the other half would be on you schedule a for your personal deductions.

I have also run a small successful side business for the last 5 years where I've done about a half a million in gross sales over that time period.  

Sometimes I see investors from California buying 10 cheap houses half way across the country and wonder why they don't just buy a nice duplex close to home.