Hi All,When we purchased a Triplex Rental in 2015 we installed the Kwikset Smartcode Keyless Entry/Code Levers https://www.kwikset.com/products/styles/smartcode-... and Deadbolt Locks  https://www.kwikset.com/products/styles/smartcode-....

There's a lot of opportunity to get involved with large multi family units,  but if you can find enough investors you could do it with less of your own money.If you're looking at retiring in 15 or 20 years, you could start with some smaller duplex style units and build up from there, or just hold a few and pay them off.

On the other hand it has simplified my communication style on finances and basic home functioning and made me more tolerant of those who did not grow in the know on those topics.

The home was a 1927 Spanish style home in Los Angeles, CA.

We've thrown away a great deal of money over the years renting like chumps because we never wanted to be tied to one area.

I have never worked for anyone always been 1099 for 40 some years.. so to me its a life style..

Another building in the neighborhood (same style & plan) is listed for $300,000.The neighborhood is near a new stadium (Atlanta Braves), several employers and shopping/restaurants, but is just outside the city proper.Thank you so much for all your advice/help!

That said, most folks here will hold their properties in LLCs for the asset protection benefits that the structure provides.Here is an article that explains the benefits of the LLC structure - https://www.landlordology.com/landlord-rental-llc-... and another https://www.legalzoom.com/articles/forming-an-llc-...As for the house hacking you are considering, if you go with an FHA style loan you'lll have to live in the property for a while.

Take into account your management style and how easy it is to approach the tenant.

Four-bed, three-bath ranch-style home in the Willowbend area of Houston (zip code 77035).