Hi @Brian Scott,With your low FHA rate, moving isn’t ideal, so using your current property’s equity could be a great option.

@Jordyn GeggIf you mean like property manage then you would need to get licensed and insured for each property since this new LLC does not own themI would not take on the Burden or expense of setting up another LLC for something like this since it doesn’t gain you anythibg

So there really are no pros, in my opinion, to putting your property you're house hacking in an LLC. 

I have a chance to acquire a property that includes a mobile home park (100% leased) and a separate multifamily property.

I also talked to a property manager in the area asking for advice.

An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.

Specifically in SC, though, I would check two things - 1) see if the ATI exemption applies and actually quote the taxes for that particular property on the county tax estimator tool, and 2) get a ballpark quote from your insurance partner on the particular property.

If you start communicating before things get all legal, then that shows everyone in the neighborhood that you are willing to work within the regs and with the neighbors in order to fix issues.If you aren't the problem, things are smooth with your STR, then you want to convince them that they should let things continue and penalize the problem properties and not yours.My 2 cents as per usual.

Smart move leveraging hard and private money for flexibility, and congrats on the above-listing price escrow—shows strong demand for a well-renovated property!

If you're into turnkey properties or value-add deals, take a bit of time to get familiar with the current market, especially if it's been a while since you've looked into it.