Having an or multiple LLCs helps keep the finances separate should you have a loss.

I helped some BP clients purchase a package of fourplexes last year and they've already raised rents by 15% in a little over a year of ownership.

All have been good with decent tenants for the last 15 years.

In the last 3 years, I've worked with over 650+ new Hosts. 

You would think that this would be obvious, but it's not (for newbies)And don't be afraid to p*ss off the seller....on the last house I bought, I offered $60k less, and the sellers got irritated/insulted and refused to even counter.

So after being laid off a few times in the last 8 years I decided to get back into investing but this time focusing on buy and hold multi family real estate so that I could built wealth that could help me retire my wife who just had a long battle with cancer and survived , but is now back to work, and I want to give her a relaxing life free of all the stress of the world (by the way did I mention she is also in the mortgage lending field) so that explains the urgency to retire her from w-2 work ! 

If you lived in the property for 2 out of the last five years then you wouldn’t pay capital gains up to a certain amount.

My loss was only $500 BUT I didn't follow my instincts and I got burned.Please BEWARE of an email from Jason N Coogler from Prime Access Loan located in Perry, GA.

Read The Hands-Off Investor.Important to keep in mind here in late 2024:  The market has been in a down cycle for the last three years. 

Lastly, having a reserve fund is key to offsetting unexpected costs, especially with reduced cash flow from the loan repayments.Hope this helps, and congrats on tackling creative financing!