I already make a living out of real estate and I'm not planning on ever leaving this space, I'm here to stay. 

Their entire business plan is wait a few days to come out, charge  deductible, go back to the office to order a part or two that will come in a day or two.

Hi Perry, getting an LLC would be smart if you plan to scale your portfolio.

I and my spouse are planning on buying a small multifamily and house hack.

With comps ranging from $875K-$1M and your estimated build cost at $550K, the after-completion value gives you a significant equity cushion, making this project highly attractive to lenders.If you plan to hold and rent the property, you could refinance into a DSCR loan after construction, which bases lending on rental income rather than personal income.

I run a MTR out of my primary bedroom and would be happy to connect and chat about your plans and what my experiences have been. 

Would you rather set it and forget it and not need to refi again or rather take advantage of low/no closing costs on this loan and plan to be more aggressive on your rate at the time of your refi?

We are planning to hold it for 5 years and bought a rate cap to cover the entire hold period. 

My original plan was to find a 4 plex in california buy using fha loan, move out after the first year and generate cash flow and appreciation, but after looking at properties it became clear to me that’s not possible with todays market and interest rates.

I can imagine this is a challenging decision to make.My thoughts:When hope is a key component of the plan of action, it is time to cut losses.