They are usually fresh out of college with lots of debt--- that means they can't afford a mortgage.- Why buy a house you have to all the work on yourself (mowing the lawn, watering the grass, etc) when you could live in an apartment building with an on-call maintenance man to do the work?

Chi:Absolutely, if your debt ration supports or can sustain two mortgages then you should be ok.

Sub 2 means you have the deed but someone else has the debtTo sell you pay off the debt and transfer the deed@Llpeng Wu@Bill Gulley

If you want a big hunk of cash, refi one of the properties but make sure your cash flow can service the debt and then some.

@Reggie MaggardHere is an excerpt from a link I'll give you:In fact, the HUD-1 Settlement Statement (lines 203 and 503) that is used for virtually every loan closing has a blank which states, "loans taken subject to."

I have great credit and no debt with approximately $200k to use for down payments.Leaning toward a duplex or triplex as opposed to single family and looking for advice on how to get started.Working with a real estate agent who is experience

Then do the same thing on the second.If you completely pay off a property, you won't have any debt.

Most likely the seller will be choosing the cheapest price which normally isn't the best job/warranty's,materials,etc.I would prefer a credit for the roof, whether that is a reduction in price or a check at settlement.

Thus, I would have my $10K + few interest (which I believe the interest is taxable) back, and the LLC would have $10K debt + fee from plastiq, on its business credit card.Would this strategy work?

I have a $200K SFH rental which is debt-free, rental-B.