If you want to manage a new business that you have no experience in, sure start it up. either way you better pay market rent to yourself or else you won't realize any gains in your CRE--which is why we are all here in the first place.

We are renting a commercial space to a trucking company. 

@Youdo Thirakul since this is a triplex we are speaking on you will be limited to 75% of the value of the home. 

We finally submitted a written offer and we are waiting for an answer- hopefully we'll hear today.

- What legal steps are prudent regarding a financial partnership with my girlfriend (We are planning to undertake this whole effort together)Who I feel I need to meet with: (This is not a solicitation, this is what I have taken away from "The ABC's of real estate Investment")- Lenders, I need to establish a lending partner who can advise me on my short term options and my long term strategic goals.- Real estate agents, I need to start getting in touch with the current state of the market, and start translating the theoretical book learning into practice. 

We are looking to buy a house of our own and she asked for some time to save, so in the meantime, I was going to take some of my extra savings from sharing rent to start investing on my own.However, from day one, living in the house has been a nightmare. 

We are thinking about house hacking the deal. 

We are new investors looking to start our real estate journey in the next year or so.

We are self employed and do not have enough history to get a mortgage.

The area we are looking in has super high tenant quality, little vacancies, very 'hot' neighborhood and the buying competition is intense.