Plus it's a single unit lock, keypad and hub instead of being 3 separate pieces all requiring their own power source like the Yale system. 

There is already a tenant living in the house, renting it as a single-family residence for $1,160 per month, which includes $130 in utilities (excluding the sewer, which I would have to pay separately).

You keep moving forward because the personal relationship feels like evidence of the professional one.It is not.Before you bring anyone into a deal separate two conversations completely.

A business bank account can be used to separate your business income and expenses from personal income.

Technically, with the other roommate still living there, it wouldn't be considered abandoned unless they had separate leases... if that makes sense. 

Here’s my QUICK rehab-cost gut check before you ever swing a hammer in San Antonio:- Separate MUST-FIX vs NICE-TO-HAVE (keep the scope tight).- Cost per sqft is just a STARTING POINT, not a bid.- Walk the 'big-ticket' systems: ROOF / FOUNDATION / HVAC.- Never skip PLUMBING + ELECTRICAL (panel, lines, fixtures, outlets).- Count KITCHENS + BATHS and use unit costs to sanity-check totals.- Check CITY PERMITS + CODE items early (they’re budget busters).- Get 2–3 CONTRACTOR BIDS on the same scope-of-work.- Add a 10–20% CONTINGENCY (older homes deserve it)- Include HOLDING COSTS: financing, utilities, trash, insurance, lawn- Match FINISH LEVEL to the neighborhood + your ARV (don’t over-improve)- Hunt HIDDEN ISSUES: water intrusion, termites, mold- Take measurements + photos, then build a repeatable 'Statement of Work' templateThoughts?

The duplex is worth around $250 and the separate townhomes should go for $150-160k each.

Most people wait until things get messy before they try to organize it.The simple way to think about this is separating three different things that tend to get mixed together:1.Legal structureThis is where the LLC usually comes in.

What do you think separates a serious buyer from someone just browsing?

How do you or how did you track your expenses during a house hack and separate personal from rental?