FHA loans are generally more straightforward, with lenders typically requiring verification of your credit and income.Be prepared to provide financial documentation, as the lender will need to ensure you can manage the additional mortgage payments.

I was wondering if anyone can give me some information/guidance if getting into house hack in NYC (expensive market) is doable or what kind of asset class is better for this area.

With this arrangement, assuming the actual underlying assets are not owned/operated by Spark controlled entities, involves not just trusting Spark, but also the people they are choosing to invest in.

For illustration purposes, the majority of investors who post on BP will move the property that pencils as a true BRRRR to the front of the line over the better situated asset with better fundamentals merely because they receive 100% of their invested capital back as opposed to 90% (again numbers are merely to illustrate a point).

@Carlos Valencia @Albert BuiHi Matthew,so my objective to is continue on the path to financial freedom through acquiring property.

When we finance short term stuff we wait until we have an asset, then we will underwrite the deal and use a title company like a traditional closing. 

Additionally, there are often fees associated with belonging to an HOA, which can be an added financial burden.Ultimately, it comes down to your goals and deciding which choice will most effectively support them.

If I was in financial distress and losing my home through foreclosure or tax delinquency, I would not want to deal with an enthusiastic newcomer trying to make money on my misfortune.

- Investing with a Friend: Tips on structuring partnership and legal/financial considerations?

I also know that in many cases the llc will protect my personal assets and I fully believe this is either analysis paralysis or just fear of failure.Thoughts on how to get past this and where you recommend starting?