Quote from @Bruce Woodruff: Quote from @Susan Maneck: Pay off loans for morons that can't comprehend the simple concept of paying back what you borrow.

So my cautionary tale is when buying seller financed paper, make sure you are very in tune to the value of the property.PS: Even if this started out as performing, same concept applies - make sure you know the numbers/values of the property.

That it has a strong "base case" cash flow from the house-hack, and that it has multiple avenues for material upside, combinining live in flip and house-hack concepts. 

Besides always bringing a good sense of humor I am particularly floored by David Green's ability to explain complex concepts in simple to understand ways.

I'm intrigued by the concept of serial house hacking and feel like it's a solid strategy for accumulating investment properties.

FYI We looked at purchasing one that was operating already with a lease and I was really surprised how hostile banks were to the concept--they viewed it as a risky and potentially reputation damaging business.

But his concepts are good and work.

The concept of a home warranty is admirable… but the execution has always been lacking.You won’t catch me buying one ever againAll the best!

Very simple question for yourself.Third...wrap your head around the concept that others have mentioned....YOU are taking the risk here.

The property is still purchased by you, but the LLC is the lender.Now if you are using a combination of things this same strategy/concept can still be used but you'll need to file a 2nd lien for your 2nd source of money.