Another thing i heard is the houses are older so once they move out, I'd have to spend 10-15k to rent to new tenants and all the cashflow I've made before goes away.

Hello folks,I live in the Tampa area and I bought my primary residence here in 2022 which was a resale house.

The new owner had it checked out and it ended up being the septic line from the tank to the house was never done 🙄. 

I wanted to know if it would be wise to buy a reasonably priced home and do house hacking.

My purchasing power can afford me a house down there and I also work in South Jersey (Cherry Hill) and live in central jersey. 

Not sure if you mentioned the condition of the house.

My educational background includes a Bachelor of Business Administration (BBA) in finance, a commercial real estate certificate, and a minor in building construction and project management, with a focus on energy-efficient housing.

For example, the house is listed for $500k and it has $300k in mortgage left at 3%Could I offer $500k and "assume" the mortgage of the seller?

We are looking fir a way to manage in-house financing as well.

Unless you own the house cash, in addition to the advice you've received, you can't just transfer a house from personal to an LLC without risking the option of the loan being called since the LLC does not have two years of tax returns.For new investors without cash to buy, LLCs are about the biggest cause of analysis paralysis out there.