I’m learning as much as I can about investing while on this one year journey from reading books listening to podcasts and practicing analyzing properties while I have internet approximately once a month for a few days.I’m originally located in Orlando, FL and plan to purchase a 4-plex to start house hacking with once I’m home.Long term goal is to have a portfolio of multifamily properties.

The only real disadvantage is there is a governing body to answer to if you're into shady business practices.

I ask this because the real question I have for you, is the answer to your question...or at least the question you should be asking.Here's the question you should be asking:  If I (you) do the following (fill in here what you wrote above...all of it), from a practical and financial standpoint, what is the one thing I need to realize and establish, in order for it to work?

@Taylor L. thank you so much for the practicality there.

When I was practicing analyzing a property, I double-counted taxes and insurance because they were included as part of the monthly payment by the mortgage calculator I was using.

My personal favorite is "Every Landlord's Legal Guide" by NOLO because it includes a lot of practical advice but it also has your state-specific laws.

We share a lot of trust and I'm confident we will be good partners but we should also be practical and consider what would happen if one of us needed to cash out, if one of us got divorced, etc.More experienced investors - do you always handle this through an LLC?

This seems very incorrect to me as the property would be a capital asset with depreciation deductions taken over years, yet the agent insists that he is correct and that this is a common practice for RE pros.I trust the agent but just think he is ill-informed and/or missing further details regarding his proposal, though I am open to the possibility that I may be missing something as well.Can anyone shed any light to help bridge the gap here  ? 

As for the loan side of things yea I agree though if I can get it done with an FHA 203K I would say that would be optimal though perhaps not practical.

I have been going through the videos a lot and I will again probably another 10 times worth of practice lol I managed to mess up the BRRR calc 3 times before I got it right haha but were learnin here were learnin lol.