It will consume too much of your time and will more than likely distract you from your investment goals without giving you anything of real value besides the option to sell houses as a side hustle. 

Fast forward 3 years... we’ve both built our credit, bought our primary residence, have two kids with a third on the way, solid middle class jobs, and some consumer debt.We were gung-ho to get going in 2019 after bonus and tax time to get a rental property finally.

., transfer the LLC shares to a Trust at a later stage to avoid probate), and any other advantage that may come up down the road.Then the other LLC would be with my wife, so we can operate it as a business - tax advantages to using pre-tax dollars to purchase consumables used to operate the AirBnB, and then for her to derive an income at the end of each month.

Big banks to me are only good for buying consumer products I probably shouldn't be buying in the first place.

What sort of due diligence did you do to make sure the HOA is healthy and there are no unexpected surprises down the road?

You will benefit from the education and networking, but more importantly, you can position yourself as an expert in the multifamily nicheIntern for a multifamily investor: find an experienced investor who is currently doing what you want to do and proactively add value to their business for free to get in the doorStart small: start with an SFR to 4-unit and work your way upAs you will notice, all of these strategies are time consuming.

For investors in today's market, the competition for properties with healthy cash flow is intense.

If giving a 24 hour notice Keeps your tenants comfortable, it seems like a simple solution for healthy future relationships.

There's lots of places in the United States where you can make healthy cash flow AND appreciation. 

The 203k is by far the most time consuming.