Now, I think other ways to reach potential residents exist, and more cheaply.

The pitfall potentials are many, and most speak back to neglect in process.

I'm looking to exchange a multi-use property I own in the Bay Area for a multifamily property (expected sales price $3 million) that I could potentially convert to MTR.

I think that areas on the outskirts of desirable cities where many people are moving (ie: Charleston) have great long term potential, as eventually people start to rent right outside the downtown area when prices rise. 

But your entity doesn't own that rental property; so reporting it on a partnership tax return can potentially create issues as well. 

We put our first home on the market for rent $1450.00 and right away, not even a week my realtor found some potential tenants.

The strategy I'm following for my first house hack is to acquire a multifamily property (duplex, triplex, quadplex) or SFH w/ an ADU (or potential for an ADU) as I am mainly looking to simultaneously acquire my first property and subsidize my mortgage payment.

They offered to give me a credit on a future loan.

Purchase price: $550,000 Cash invested: $150,000 Sale price: $800,000 "Acquired a 3-unit beachfront property in Carolina Beach, renovated to increase rental value and resale potential.

I'm open to sharing my insights on joint venturing on deals, providing market data.If you have any advice, resources, or potential partnership opportunities, please feel free to reach out.Thank you for your time and consideration.Sincerely,Gernide