@Elizabeth LebI would like to hear what folks would invest 20k in if you already have reserves?

You can make more through co-living in most markets, but still likely to be better off house hacking 1 / year and then buy out of state with your extra cash.If you want to chat strategy with someone - feel free to PM me or reach out to contact info in my bio!

Also, keep in mind that an IN multi member LLC would require a separate tax return, so you would want to budget for extra admin fees.

They had been paying those extra taxes for ~10 years since the last tax reassessment.

THere is a loan I have seen folks using in the past... not sure if it is still available but it is the MACU90 loan with mountain american credit union and it is a 10% down investment loan.

I also assist folks (largely OOS investors) get started in the market there.I'm happy to connect, chat about the market, and send you a ton of resources.The city has been seeing a huge resurgence that goes back 10+ years now.

I've seen folks charge as high as $5,000 to $10,000 for tax planning and tax preparation, But i also know high quality folks that have fees are around $1,200 to 2k.

What are you hoping to get out of the extra time, work and costs of having the LLC?

.: I think you made a mistake.Yes, you get extra money.

There is no additional "risk" on the note like a demand clause etc, but you have  extra expense in upfront one time costs and the pre-payment penalty that most programs are sold with if rates do drop as expected in the future.