I (Dillon Duffy) have been working on a building for a few weeks now and listening to Bigger Pockets podcast and videos on YouTube and trying to self learn how to navigate through this exciting but stressful project.I purchased my current home in May 2021 for 156k.

Find a mentor who has successfully navigated these before and get their help with preplanning.Keep cash on hand until you can prepay the entire loan rather than paying a bit extra monthly. 

Of course buying right is always the key, but is there anything else I can do to help navigate the turbulence?

There is an organization in LA that will help you navigate the permitting process and provide some advice/guidance *before* you go to the permit offices and let the cat out of the bag.  

Consulting with a tax professional can provide tailored advice to navigate the tax implications of this arrangement, ensuring both parties understand their reporting responsibilities and maximize tax efficiency within the tenants-in-common framework.Hope this helps!

Here's how to navigate the information sharing with different parties involved:- The seller: generally, you do not need to disclose your house hacking plans to the seller.

Hey Nick,Navigating the end of a 10+ year real estate partnership without an operating agreement demands a strategic approach.

Every year my mom tells me how high her home owners insurance is and it goes up every year.Having lived through Hugo, I am nervous about buying anything ocean front, seeing so much wash way must have left an impression on my young mind.Definitely agree with you about having a good realtor to navigate the landscape.

Consulting with a real estate attorney or financial advisor who understands trust law and real estate transactions could provide valuable guidance in navigating this decision, ensuring it aligns with the best interests of the trust and its beneficiaries.I hope this helps you out, good luck!

I would appreciate any guidance on managing these types of financial partnerships and navigating a dynamic, competitive market.