I am currently searching the market South of Portland, Oregon to house-hack a small multifamily property, preferably a triplex or quad.

.#5 Make Decisions Based on the NumbersYour real estate investing strategy should include the financial parameters by which you determine if a property is worth purchasing.Your strategy may include details about: Purchase price range.Investment cash needed for repairs and upgrades before leasing to tenants.Financing strategy for the short and long terms.Bargain purchase (the percent under fair market value a property must be purchased).Immediate value increase (the percent in increased value you expect after making initial repairs and upgrades).Geographic area.Net income.Cash flow.Net cap rate (annual net income/total value).When you find a potential investment property that fits within the guidelines of your real estate investment strategy, you can pull the trigger based on the numbers rather than emotions and personal preferences.#6 Don’t Buy from Unmotivated SellersMotivated sellers are usually willing to work with buyers, so focusing on finding motivated sellers can result in making great deals as a real estate investor.

Call or email the local zoning dept to ask specific questions.Out west of the city, Gaston County is no longer permitting mobile home parks proper, though they do allow mobile homes to be place on individual parcels of land.  

I would prefer to skip the 6% sales commission for listing on the MLS and this is an investor property anyway. 

You can typically earn 8-12% preferred returns and receive an equity split when the property is sold. 

@Andrew Herrig Yes - I am looking in that range, preferably on the lower end.

Some other research that I did indicated that if there are multiple owners which have all occupied the house for some 2 of the last 5 years, then they all can benefit from the 500k deduction (if they are couples, 250k for individuals).

I’m looking to connect with other investors, wholesalers, real estate agents, and like minded individuals.

Since since this is a rental property I'd prefer to base the value on income and cash flow rather than relative values to other properties

The best option is to refinance in the name of the LLC, but to do that your LLC needs a credit rating (impossible without a DUNS), and appropriate closing costs and reserves.You can't just transfer mortgaged property into an LLC because it then let's the individual off the hook in the event the property needs to be foreclosed.