It seems like a dramatic failure to me. what I have seen is landlords in markets were houses actually sell for a lot to retail buyers they just sell them and take the rentals out of production..

Hello, I currently own a well established restaurant and would like to open a second location.

With the advice of a mentor I had established an LLC to manage the property. 

If no line of credit is established, I would personally go closer to 6 months.However, if someone would rather purchase rental properties (instead of house hacking) I think it depends on goals.

It's crucial to establish your investment requirements, investigate various avenues, connect with local investors, take into account innovative financing possibilities, carry out exhaustive due diligence, and bargain skillfully in order to locate a lucrative multi-family property for house hacking.

There is a lot to consider like other have said so have multiple exit strategies.

In smaller suburban markets what you often get from national brands is ( We like the corner location but do not want to run a parent corporate store from there or we do not have a franchisee in that area yet or we would put a store there.)Often in smaller suburban markets it is established brands with multiple locations that are regional that covet the corners.

The following are some strategies to think about while using $250,000 to establish a real estate portfolio:1.

The other half send an initial message or make that first phone call but after establishing that they'll send over paperwork for my review, they disappear or take days. 

To help you plan your approach, clearly define your investing objectives and establish SMART targets.