If you can save money and renovate and the ARV allows you to pull your intial capital out sooner, I say go for it!

That being said, the structure will matter, especially if any Pref or cashflows to you are being structured as a return of capital vs distribution vs something else.

If the sale of stock will be considered a capital gain, you can offset it with the sale of capital stock that is operating at a loss.

Appreciation takes time and from everything I have seen and read, the Northeast is a good place to be for appreciation if you have the capital to start there. 

I feel like this may be the best opportunity for house hackers as there will be some early adopters who capitalize on it because you can basically turn a single into a multi.

Just comes down to having the capital to get into those more expensive markets.

You're spending over $600k (purchase price + rehab + fees) to make $25k, and then you'll have short term capital gains on that...

And, capitalism works to lower housing prices when this process is allowed to go into effect. 

I hope to use private capital to fund the entry fees in second position.  

@Jenna SchulzeAs a newbie investor with limited capital, I’d invest close to home.Invest in areas you know well.I’ve been in the RE industry since 1978 and people always ask me:What’s the best market to invest in?