There’s also a good mix of duplexes, triplexes, and quads, so you’ve got options for a solid house hack.House hacking is actually how I got into real estate—I’ve done two house hacks with duplexes here in Chattanooga, and it’s been a game changer.

Inventory levels have ticked upward, giving buyers a bit more choice, but well-priced properties are still going quickly, so timing remains crucial.If you’re a buyer, get your pre-approval done and be ready to move fast when the right listing appears.

Hopefully someone with tax accounting knowledge can jump in here with more detailed analysis, but I looked at this a bit several years ago...1) You still have to pay the depreciation recapture on the sale decreasing the net benefit of this approach due to the large tax payment in the 'sale' year2) The LLC would need to not be a passthrough entity so that it can be taxed separately from you, so you have to add another tax return cost for the years going ahead3) Taxing it separately from you likely means corporate status and corp. taxation rates which are higher than yours and I've heard many times over the years to avoid titling real property as a corp...Overall from what I've seen this only makes sense in a select few scenarios, which for most people aren't in play. 

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

So, I did.

Do you get deals out there or are you looking for deals out there I have a deal right now that is mid construction.Ahh okay, I am not there until end of May so I wouldn't be able to do much right now, still working on building up a team out there, how did you get your deal, and do you have a team of contracors you like out there? 

I think Indy is a great diversity of communities and properties, so anything you would like should be here. 

November to March tends to be the slowest leasing period so you are likely fighting that battle, but if you aren't at least beginning to receive more inquiries or having showings without tenants at minimum interested in a mid March/April move-in there are two potential issues: the home is over priced compared to competition or the property is inferior in condition.

Thanks so much!

Each block/street of Philadelphia is different so you really have to target somewhere and learn the in's and out's of that specific area.