Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

Be sure you are prepared for it by having adequate reserves.Part of me says that house-hacking when you don’t need to (because you could live with your parents longer)  seems a little weird… but if you are doing that to get the 3.5% down I guess I get it.  

These are apartments they are living are the worst in the city.

Newbie here - 2 weeks into my first property, I plan to house hack short-term rental (live in basement, rent main house) in Nashville.

Conduct thorough due diligence, including property inspections and financial analysis, to ensure it aligns with your investment goals.Property Management: Since you'll be living in one unit and renting out the other, familiarize yourself with basic property management practices.

I live and work in CA, but looking to invest in OH and IN. 

Hi, I am currently house hacking a duplex renting one unit tenants and living in the other.

Let this thread to be a place for constructive, productive conversations, networking and working together to make some money and bring some positive light to this frowned upon industry in RE world.Thank you all for your insights, opinions, comments!!

You have to decide for yourself what term you can live with and if you want to make money on the lending part or just get your sales price and give them a few years to refi you out.

If pressed, I would only offer "we made a business decision", but even that is going to prolong a conversation you would prefer not to even have.