Hello everyone, first post on BiggerPockets and I have been reading up on REI for quite some time now and getting close to jumping in.

.$80k cannot get you at $400k house, you need closing costs + reserves.

It was a gut punch to see the tenants whose income we were counting on mass exodus the building right after we closed Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

But I also realize many people choose the direction of Appreciation first.In my hometown market (not Pittsburgh, but central NJ area), few small to mid size multi family properties could come close to cash flowing positively.

My biggest question now is: What do I do once (if) I settle/close on this house?

@Alan Asriants I’ve “house hacked” for close to 30 years.

With more focus on the inflation of the money supply, investors are allocating less to Treasuries, pushing bond prices down and yields up since they move inversely.Mortgage rates which are closely tied to the 10-year Treasury yield, are rising as those yields climb.

It can be, but it should not be anything close to the reason for purchase or sale.Sloped lots require a lot of regrading to level them which is WAY more expensive than most people think.

While I haven't closed yet doesn’t mean that I am not closing.

Hey all,I recently closed on a 3 unit property which I am going to house hack which brings my portfolio to a total of 5 doors (including the one im living in) and am curious if it would be wise to have an LLC for each property and setting them up as individual companies?