That's one reason I hang out on BP - most people in my life can't appreciate the level of work it took to get to this level.

If done well, it means you can refinance and use that capital for your next investment—helping you move more quickly towards your goal of creating enough cash flow to change your work/life balance.Market Opportunity: Given the current market in some areas, you can still find deals that make sense for BRRRR, though they do take some effort to locate and execute.

I personally like multi-family properties as they have less capex (one roof to replace vs multiple) but that is just my style with investing.

The mine trap in commercial real estate is huge..... i don't know how many cycle of this I've seen in my life, but 2023 ain't the biggest, it took minimum 5 years before the dust settles.

It’s getting to a point where a new reason for an LLC or state where a LLC should be formed  comes to life in these forums on a daily basis.

Insurance, bank accounts, credit cards, etc.You are probably making your life more complicated and expensive than it needs to be.

If it's going to be more than that, make sure you have everything well documented because she will likely make your life hell over that money.

Quote from @John Underwood:He still to the day says this is the worse thing he has ever done in his life I was told many times growing up (and repeat hearing that voice as an adult).   

Hey @Isadore Nelson - I'd bet my life savings on the fact that there's multiple reasons why other investors haven't scooped this up yet. 

If the property meets your financial and lifestyle goals, it could be an excellent first house hack, but be cautious with the risks and have a contingency plan.Good luck!