Fortunately, there are simpler strategies that are much better suited for a first time RE investor (house hacking, specifically).

In addition, our new home will have an attached in law suite in which I intend to rent out as well.

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Look online to see where the self-storage facilities are marketing, then follow suit.

Well-suited to professional/medical offices, small restaurants, small retail.

I have a 2 unit property in the western suburbs that could be well suited to be an elder care home for 3-4 residents.

So, the opportunity is not well suited for a new investor who isn't knowledgeable about those risks nor prepared to handle them.

When you decide on your ideal structure that you feel suits your market and SFH the best, a quick tip would be to look at the reviews from both tenants and landlords.See the complaints (There will always be many) and see the replies.Nobody is perfect and folks that try, also make mistakes.The PM's replies will dictate how they "breath" from an operational standpoint.IMO all reviews should be replied to and explanation's offered.Just my opinion 🙏👍

Companies like this push the limits until some landmark class action suit is filed and one bad actor (i.e.

If that doesn't cover the principal balance plus all accrued interest, exit fees, yield maintenance, prepayment penalties, default interest, advances made for unpaid property taxes and insurance (even forced placed insurance), advances on senior loans, foreclosure costs/fees, toxic waste cleanup, costs of resale, the list goes on and on...the lender can sue each and every one of you for the entire unpaid amount.The way this would likely play out, should the lender elect to enforce the personal guarantee, is they would file suit naming each partner as a defendant.