Even though the distance would be a lot farther to travel than initially investing in another Chicago neighborhood, I know the tenant laws are a lot more relaxed out in the suburbs, the average price of property is much lower, and it just feels like a smoother entry point than a large city in general.I'm very interested in multi-family properties to begin my real estate journey and have worked on putting a team together, so I am getting closer to actually acting, not just observing.

It requires some work—you’ll be a landlord after all—but the financial rewards can be significant.If you’re willing to live near your tenants, take on property management tasks, and want to grow your investment portfolio, this strategy could be a game-changer for your financial future.Final ThoughtsHouse hacking with a multifamily property is more than just a way to save on housing costs—it’s a proven method to accelerate your real estate investing journey.

It’s awesome to see someone starting their real estate journey at such a young age with a clear vision and determination.

Even still, investors will often want equity in the projects.Giving equity to private investors can hedge your bet.

From utilizing 1031 exchanges to offsetting gains with losses, the right approach can make all the difference in your investment journey.

Most of what they recommend only makes sense from an operational standpoint if you are a larger investor and have a team to help you manage everything.Also, ensure your REI-savvy tax pro and your REI-savvy attorney link up during the entity structure creation process so things are optimal on all sides.Just something to keep in mind as you're beginning this journey.

Until now, I’ve mostly shared this journey with close friends and family, but I’ve realized it’s time to open up and document this experience for everyone.

You will need it on this journey, regardless of how well intentioned you and your GC's are.

In Metro Detroit area, police will not remove these types of occupants (they are afraid of scamming landlord having police remove legal tenants), calling them a "civil matter" forcing landlord to start court eviction process. thats a good question Drew.. but I bet if the police are aloud just a little bit of fact checking and do police work they can determine the fraud very quickly.. 

My bet is both those will be redeemed prior to auction.