In reality there are always differences and distinctions that can make the price considerably different, even within neighborhoods. 

We've gotta be able to make that distinction. 

An LLC is generally supposed to create a distinction and a barrier between your business ventures and your personal assets.

My fear is that when I get the distinction of living through my first IRS shakedown I'll be creating more problems for myself than I'm solving by keeping my accounting simple and minimal. 

So long as the numbers work as is, they should work better after the owner weekend-warriors their way through the cosmetic improvements and raises rents as a result.The key distinction I want to make though is that the improvements should be purely cosmetic and the other units should be rentable as is.   

Ignore it.Most loan people you find at banks understand only one flavor of mortgage - a mortgage for an owner-occupant. 

Hi @Connor Pine, it's almost never truly too late, and when you're specifically looking at house-hacking almost any market has distinct advantages associated with house hacking.Given the current ABSURD(ly low) FHA interest rates for qualified buyers, I'd guess that making the numbers work for a house hack in Fort Lauderdale would be a fairly straightforward play.

If you go down that path, there are many flavors of LLCs depending on where you create your entity.

But I also don’t have to smell that very distinct “dog pee/cat pee/cigarette/other gross stuff” smell when walking homes.

But Passed plumbing and electric rough in is a very distinct benchmark.