However,the LLC has bit more flexibility than an S Corp.

Taxes for a house hack can get hairy depending on how you are house hacking, so I recommend consulting with a CPA when tax time comesThis isn't an exhaustive list, just some nice-to-knows! 

Would newer SFD's do better than an older duplex because of Cost segregation?

He mentioned financing the rental as a second home rather than an investment property would result in better terms from lenders. while this is obviously true and I would prefer those terms, I couldn’t help but feel like there would be some time of fraud risk if I went this route.Can anyone speak to using a 2nd home or vacation property mortgage on what is intended to be a rental?

Maybe spy on the decor at out Encore or Windsor Westside to separate yourself from other rentals.Thank you so much, Frank. it is a very nice suggestion.Windsor Hills mentioned a lot in this forum, so I checked before, the price is not cheap at all, also I am not sure if everybody will use the public amenity in the community, take me as an example, after one-day exhaust theme park tour, I would like to just go straight to bed or might enjoy a little bit spa and big screen TV will be perfect.  

hey jacob great job getting out there and even finding a deal for a potential owner finance. they are hard to find but they are out there so thats great. i think if you can get in at 200k thats a little less than an 8% cap its not a bad deal. you will have about $116 per unit cash flow managing yourself which is not bad. 

What kind of legal processes do we need to set up other than an LLC?

If you meet the terms and its a last resort, it still can be a way to finance your investment, however make sure exhaust your options.

Your budget has about $500/turn/unit, which exhausts your annual repair budget, so anything else going wrong will be in addition to that.

Many current 506(c) syndicators have simply exhausted their current database of unaccredited investors in their previous deals and now have to do 506(c) offerings in order to advertise and fill their current deals.