You'll be well-prepared to locate and fund your next multi-family property for house hacking if you apply these tactics and are persistent.Good luck!

My goal is to learn from your experience and prepare myself for my own investing journey.

YOU need to be prepared to close if you do not sell it.  

We have come up with an operating agreement but upon research found that it's better to prepare operating agreement from an attorney.

REPS hours.4) Getting ready to rent the property pre-close but post-contract:  Understanding HOA rules and incorporating them into proforma lease agreements; preparing and posting rental advertisements; shopping for, selecting, and purchasing furnishings to equip the house to be put on the rental market.  

This entails building personal/working relationships with people successful in the field.

@Nate  Do you mind sharing the details of the attorney you used for the lease preparation? 

Be prepared to adjust the price if necessary to attract more interest.Prompt communication: Respond to inquiries and messages from potential renters in a timely and professional manner.

Always be prepared for worst case scenarios.A place that could help is on turn overs. 

On the other hand, employing the on-site manager through a property management company reduces your administrative burdens and leverages their expertise, yet it may entail less control and additional fees.