We thought about house hacking but our situation wouldn’t be ideal for it currently but would still be a possibility in the future.  

Plus, it simplifies the process of adding partners for future projects and helps keep your finances organized.As for BRRR, you can also deduct expenses and LLC income is reported on the owner's personal tax return, avoiding double taxation that corporations face.

My goals are to provide financial freedom for my future family and establish a sustainable safety net if physical limitations prevent me from retiring from my current W-2s.

So if you end up needing to sell it in the future, would be a hinderance since it would eliminate FHA buyers all together + even some conventional buyers too. 

Using smart financing like portfolio loans or refinancing after value-add improvements can free up your capital for future investments.Diversify property types – I’ve seen investors get stuck in one type of rental (e.g., single-family homes) and miss out on opportunities in duplexes or small multifamily.

Lindsey, you’re right there is a lot involved with house hacking out of state and I’ll be circling back to that particular method in the near future.

Look into a DSCR loan that uses the property's cashflow instead of your personal income to qualify.This is a tax free move as you are using debt plus you still benefit from all the benefits of still owning the first house.Your future self will thank you for stacking houses this way as your cashflow and equity will build up over time creating long-term wealth.To Your Success!

Most hard money lenders can lend you up to 90% of the purchase price and 100% of the rehab costs with a 12-month term and a rate of 10.49-12.49%Hard money lenders issue what's called an asset-based loan, so they will consider the property itself along with its potential future value, not your personal financial situation.

I'm doing everything I can to learn about real estate investing (mainly via reading), and there are concerns I have about my future in this field, that I want some more clarification on, and better yet creative solutions.

Yes, I have some factors going against me, but I hope by overcoming obstacles now will prepare me for greater things in the future.