The taxes and penalties from 401k early withdraw can be near 40%, that's a huge amount of money you would be wasting.

Yes, pocket listings and finding direct to seller options like seeking out mom and pop owners and seeing if they want to sell is a better route.

So if I'm a local LO and want my reputation among local Bay Area Realtors to be that my preapproval letter is as good as gold, the wonky ones are full TBD Approvals even if it means I occasionally lose business from one of my fellow perpetually impatient "now now now" instant gratification-seeking millenials. 

You want to get everything done from the get-go.You risk having not filed returns when returns should have been filed and potentially getting hit with penalties and interest.Whether First LLC and Second LLC are partnerships, corps or disregarded entities first depend on how they were formed, who owns them and what the default classification is.You may want to change it with the use of 8832 if you do not like the default classification.

Also, it is more likely to see apartment tenants moving to a mobile home park to reduce their cost of living, than the other way around, so mobile home parks tend to have higher demand when everyone is seeking more affordable living. 

@Mohsin MazharFirst off, you are miles ahead of the curve by considering house hacking and seeking advice on this forum.As someone who has house hacked twice, here is my advice for you:1) Target 3 and 4 family properties over 2 family.

Thank you,Nick** This is all provided you didn't seek out and find private money.

if you are seeking financing in PR, then you will need to use a bank that is located on PR.

@Jeff Copeland - Good to know questions when seeking financing.

Some of the bigger changes appear to be with the penalties that can be imposed ($100 per day fines up to $500 per day or even jail time).