What are you hoping to achieve in establishing an LLC?

My calling is to help as many people as I can to achieve at every angle of their lives, so I am passionate and ready to tackle this new venture.

I’m in my late 20s and not in a rush to retire, but my goal is to achieve financial independence in the next 10 years through real estate.I’m considering two options:Option 1: House Hacking with a Multifamily PropertyI probably have to use all my cash for the down payment, and the rent income won't cover the mortgage.

Our electricity bill went from $4100 / year to $833/year (with added 2 EVs)With that being said, to answer the question of ROI, it is SO dependent on your usage and local pricing scheme, and you really have to do your own homework to dial in the right system set up to achieve the optimal results.

If you achieve the ideal BRRRR with zero costs, you might as well perform it in a high PSF location (as high as you can tackle with conservative reserves).My last rehab was on a property that was almost $2k psf.  

Focusing on cash will not motivate you long-term, especially through the trials you are facing now and will face in the future.Keep chasing the dream.

Proper structuring with professional guidance is key to achieving both parties' goals.This post does not create a CPA-Client relationship.

I have already generated pre-forclosure lists, failed listings, free and clear, distressed property, and motivated seller lists.

I’d recommend learning about finding motivated sellers, analyzing deals, and understanding local real estate laws.

It seems I would need to submit around 100 offers just to achieve a potential engagement of 2% to 5%, with no guarantee of closing any deals.Thank you for your response, I definitely appreciate it.