It's an exciting journey that can offer both financial rewards and personal satisfaction.

Technically as the manager of the LLC you can open an accout with any financial institution though they don’t all cooperate when it’s an IRA owned LLC. 

I recommend before spending thousands of dollars on this you speak to your CPA and your attorney as they will understand your overall financial position and the risk.The question I love to ask is "what are you afraid of being sued for that insurance would not cover you on?"

Building a strong financial plan, researching markets, assembling a reliable team, and having an exit strategy are essential steps to success.Good luck!

So, if you don't know how to build financial models, there are some available that are pretty good online (adventures in CRE is a great resource).  

Working with a CPA or financial planner can help optimize tax strategies and ensure the best approach for your goals.This post does not create a CPA-Client relationship.

If it doesn’t make financial sense or feels too risky, there’s no shame in passing on this one.

Don't limit your future financial freedom to just where you live today.

As you might already know, house prices in New York are extremely high, which makes it financially difficult for me to try house hacking here at the moment.

Setting financial and lifestyle goals and using lessons from your current setup can help.Good luck!