When evaluating long-term real estate opportunities, keep in mind the four key pillars of investing:Appreciation – Focus on how your property’s value grows over time.Cash Flow – Assess your rental income after accounting for all expenses.Tax Benefits – Leverage deductions like depreciation to reduce your tax burden.Debt Pay Down – Use rental income to pay down your mortgage, steadily building equity.Think of it like investing in a 401(k) with a long-term perspective—especially in California, where property values can appreciate significantly over time.

They have had talks about letting us approve members in the future but I'm not sure if it will happen or not.For us the benefits of higher cash flow outweigh the costs of evictions when they do come up.

Our attorney is very clear about what we can and can not communicate related to criminal background and that is why self-managing can be a mine field when it comes to application qualification criteria.  

Platforms like Peerspace or Giggster can offer high payouts per booking, letting you earn with fewer ongoing responsibilities.Consider Selling: Selling could free up funds to invest in a property better suited to your goals.Each option offers unique benefits, and I’d be happy to connect you with resources to get started.

You should speak with your accountant first to make sure a cost segregation will benefit you.

But still, within a few weeks you should have someone applying who is qualified from my experience - which is in Florida, not New York… but all things being equal demand works similarly.If marketed correctly now, it tends to point to price sensitivity (too expensive) relative to other similar offerings,  or some other detractor as to location or convenience.   

As @Matthew Porcaro says, a big benefit of house hacking is that you are living in one unit and renting out the rest.

Enjoy that music--this is definitely a moment when agents who can say no, and drive action--will see some serious benefit. 

I'm doing a cash out DSCR refi so I still get some of my capital back and can take advantage of cash flow/depreciation and all the other benefits of holding. 

But for straightforward setups, you can actually form an LLC directly on the PA Department of State website yourself, and it’s very cost-effective.For larger portfolios or more complex structures, some investors prefer going through a real estate attorney to ensure their LLC is set up to maximize tax benefits and liability protection.