With agents that are in the military referral network, I would claim it's almost more efficient (time wise) to do that rather than holding a license in both states, especially with how far Texas is from Nevada.

The interesting thing is that an LLC is normally meant to hold 'business assets'.However, a house-hack is both a personal property and a business asset.Therefore, the question then is, is there any protection being given to you.The next is, if the LLC is jointly owned, is there a partnership return due, which is normally due March 15 of every year.

Little longer on the hold period but profitable exit.

Test and repeat on different areas. fill hole with caulk or epoxy filler.This should be last recourse diy prayer.If you have no choice but to tear out the shower wall, that will be another topic.If you have high water pressure (above 80psi), try reducing it to 60-70psi.

Also there are weather issues with Indiana winters and pipes possibly freezing, thunderstorms and hail damage2) Knowing how long to hold onto a property, 1031 exchange it to another property or DST, or in some cases sell it and pay the small capital gains tax (if any) to have less headache. 3) Underwriting the deal incorrectly (factors: local appreciation, rate of rental increase, economic growth, gentrification of area) and being overly optimistic (a renovated 100 year old home is still going to have problems).

I would refer back to your owner agreement and hold their feet to the fire. 

After doing a few jobs with others who are investors, I’ve decided to dip my toes in the game and am looking for flips or light-mid rehab and holds. 

That being said, House Hacking is such a great way to start and choosing a multi-unit is something I would have done if I can go back in time.Good news: Illinois is NOT a community property state, so getting married won't hold you back (if you want to put the mortgage in either of your names individually).Easy way for you to calculate what you'll be qualified for: (Gross monthly income) x (57% max FHA DTI Ratio) - (Minimum monthly debt payments that show up on your credit report) = Max Mortgage Payment you can "afford".

Another is turn key buy n hold investors are re-entering the flipping environment.

Looking forward to connecting with you. best strategy I've come up with after 10 years of experience in columbus is to build new construction multifamily with equity. 50k land purchase, 10k soft cost / rezoning / permitting, 300k hard cost, refinance and is worth 500k. build - Rent - refinance - repeat. if you want to buy old properties I would but no agent is going to stay on with you and you only get some diluted version of what they call a contractor who probably isn't licensed.