My name is Rebecca and my husband, Nick Knox III and I have run Captain Save a Home LLC, Brew City REI Club, Brew City REI Training Cafe and Wisconsin Contractor and Handyman Club based out of Milwaukee, WI for over a decade.

A cooperative house hack between you all would be a solid first one, but you need more savings.

I would recommend saving at least 20% down, 12 months reserves and closing costs.

They spent 1K on them from upwork and it helped resolve concerns in the meeting real time with some neighbors had who were just picturing the project their own way which was completely different than what the emerging developer was proposing. 

Willard,FHA has taken a bad rap over the years but to be honest it’s a great loan for anyone looking to use the banks money and keep your cash in the savings.

While there is money in polishing turds, early note investors should focus on solving problems that they have some experience in resolving. 

I have part of a 401K loan to payback and money borrowed against my HELOC.2) Maintain a yearly savings rate above 55% for 2025.3) Purchase another rental before the end of 2025.

LLC will not help you with tax savings for now.

HI @Jacob KazmierskiI would suggest saving a certian % you fee comfortable with and then put the rest into a high yield savings account.

There is also about 40% less inventory for Condos than there is for Co-ops.If you're mainly looking to invest in an apartment to save on rent and learn the market, I'd recommend a small multifamily (2-4 unit) investment.