Quote from @John Hanewich: Hi all, I am running through proposed ideas for my first real estate deal.

the market is much more unforgiving than it used to be - i know those price points in Ohio and Alabama look appealing to someone in California, but they come with their own challenges.see these threads and see what you think.https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...

Specifically on the house hack - I'm not sure if the juice will be worth the squeeze from a tax and accounting perspective to run anything through an LLC.

Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size. 

Yes, I learned through the BP podcasts that these vehicles are out there. 

I think you can definitely run into a potential guest using that against you in the near future and opening the door for liability. 

I have run them before but not my day job.

It's not realistic in most cases because warehouses are built as that, which means they run much less electric and plumbing.

We run calculators on what you can expect for expenses beyond your mortgage, I don’t like surprises.

When I run the numbers on properties in San Diego, they do not cashflow positive, even if I had the funds to invest.