Also, keep in mind that if you do form an LLC, you'll want to keep these under your EIN, not your SSN.Bank AccountCredit CardTitleLoanBookkeeping Ledger

But, if you had a particular property in mind elsewhere I'd be happy to analyze it to show you it to get your honest opinion. 

Do have a property in mind?

I ended up taking a different path.Also keep in mind some brokerages will require you to pick one or the other.  

You can look into low-income neighborhoods usually the properties are of lower value, but I'm not quite sure if that applies everywhere but I know in Florida I see it here and there, and if you need help looking I don't mind helping.i would be wary about REO/HUD owned properties as a first time househack.

Keeping this in mind can definitely help!

Where i just needed to worry about just me doing something negligent or what have you, now i will have two to keep in mind.

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

Japanese mind set :)WE just make our money pay our tax's and try to stack cash so we can provide it others and rent the money for a fee :)

Even in those cases it is hard to create gap between purchase price, rehab and ARV.Investing in todays market is overall very challenging and I am finding that the BRRRR startegy is one of the worst strategies in todays market.Lets keep in mind that BRRRR became highly popular before 2020.