I can’t stress enough how important it is to stay focused and avoid some of these common pitfalls early on.Quick thoughts:Find the right Realtor – Make sure they’ve got some skin in the game with househacking or investment experience.Budget = Game Plan – That pre-approval is your marching orders.

This can work, but there is a potential pitfall: assumptions.NOTE: I am not an attorney or business advisor.

I believe this knowledge helps a person either avoid buying materials or create a system that avoids the potential pitfalls.

Do you think this could be a good strategy where are the pitfalls here? 

Thank you for pointing out the possible pitfall . I

There are so many pitfalls going into business with relatives, there have been books on the topic. 

Let’s discuss the hidden costs and potential pitfalls of traditional financing methods that many investors overlook.

A big pitfall is going to be the tenant.

Save yourself the hassle and avoid these common pitfalls no matter how much you like the name or "professional" you believe the entities may appear.  

Because you admit you do not know the structure, traps and pitfalls of subject to, you need an attorney that is experienced in contracts to walk you through this.