Advice Needed for the 2nd House Hack Planning

[Bian Dahab]

Hi all, 

We have completed my first house-hacking in 2023 (Shout out to Craig and the Househacking Bootcamp team!)
I closed in July, got a tenant, and am confident about renting out the rest when I move out.

Now I am looking to get ready for my second house-hack in 2024. With the lower down payment requirement, I want to buy a small multifamily and occupy one unit. 

- Timing: When would be the earliest I can move out and buy the next one? My current mortgage was a 5% down conventional loan. 6M or 1Y or earlier? 

- Loan: What income can I use in DTI to qualify for the loan: our W-2 income, rents from the 1st house hack, potential rents from the 2nd house hack?

- Legal: Do people ever structure their house hack in an LLC? Is it even possible to get an owner-occupant loan in an LLC?

- Tax: I am looking for an investor-friendly tax preparer and planner in NJ who will take a small client like me. Recommendations will be appreciated!

Thank you, 

Bian