Bonus Tip: If this quadruplex is out of state, I’d highly recommend building a reliable local team (cleaners, handymen, etc.) and maybe consider hiring a co-host or VA to help with day-to-day tasks, especially if you scale up. 

But you are required to file a Schedule E in the US every year showing the total rents you received, the expenses you had against those  rents and your subsequent profit or loss. 

E Equity, how much of the home will you own on day one.  

Tips for setting up an LLC3.

I am starting my first househacking deal this year and I will Segway that into my second deal by end of 2025.
I would love to hear all you experts and pros with experience to tell your story. If you are in the Seattle...

I am particularly interested in:Understanding the fundamentals of wholesalingNavigating Texas-specific real estate laws and regulationsBuilding a strong network of cash buyers and motivated sellersLearning effective marketing strategiesAnalyzing and evaluating dealsIf anyone is willing to share their experiences, tips, or resources, I would greatly appreciate it.

Welcome to the community and be ready for a huge amount of information at your finger tips.

You have gotten so many great tips already.  

If anyone has advice—whether it’s general tips or insights about these markets—I’d really appreciate it! 

I'm assuming that a business account would work but I'm sure there is some nuance and tips that I don't know about.Any insight is greatly appreciated, thank you!!