Compare that to what you are losing now which appears to be nothing except the inconvenience of a less than ideal payment pattern. 4.

What I have saved would ideally go to filing an LLC and earnest money when I get properties under contract.

It would be ideal to be hands on for my first deal.Any thoughts would be much appreciated!

Ideally, you'll want to see average 90% occupancy across the board, otherwise you'll be relegated to regional bank and credit union lenders that require (i) recourse, (ii) deposit requirements at close, (iii) slightly higher rates, (iv) lower amortization, and (v) less interest only [if cash flow is a priority for you]. 

You can always choose to develop the land later down the line when the economics are more ideal.

This is especially helpful if you've built up significant equity in your current home and want to leverage it to grow your portfolio without tying up all your cash.Since you're based in Collin County, you're in an ideal market for growth.

Ideally, you don't want it to be too financially difficult to find a renter.

It sounds like you're in an ideal position to transition into real estate investing, with both your industry experience and a strong local market at your advantage.

I’m especially interested in house hacking as my first investment since it seems ideal for building cash flow, reducing expenses and gaining experience without heavy initial capital.Questions & Market Focus:I'm still learning, but I’m starting to research these four markets to understand which may be the best fit for house hacking.

I know this is not the most ideal time to buy with interest rates, so just curious to hear how everyone is doing in the mid term rental space, in particular.