Obviously, you pass this cost on to your borrower.My experience with Lightning Docs is that they will answer simple questions at no charge. 

I'd like to keep my first deal relatively simple and therefore I'm focusing on 3-4 MF for now with aims to quickly advance into 5+ MF and commercial.

Quote from @John Underwood: Thanks John, I like your simple approach, I agree with that.

Start with simple repairs, plan for vacancies, and ensure professional inspections. 

Studying for and receiving the CCIM designation will be a solid plus.  

Be flexible and respectful to both the residents and to the employee of the company actually paying the bill.I know this sounds incredibly basic and simple, and it is.

Several of my STR investor clients here in Colorado have used a designer, and they generally pick a few statement pieces that they spend money on and then go with FB marketplace  or even IKEA for smaller items. 

With house hacking, there is a simple rule in my opinion: The more uncomfortable you're willing to live, the better the numbers can work, the more comfortable you need to live, the less the numbers will work. 

I've flipped about a dozen properties here in Chicago, and quite honestly, it felt like something different went wrong on each one of them.My biggest piece of advice is to KEEP IT SIMPLE starting out. 

Am I able to just form an LLC, designate it's purpose as a QOZ Fund and then fund it with my own money to buy some land?