@Rolando De la Cruz I love your plan!

Why are you spending so much time on this? 

You can probably get a temporary demo account from Yardi.Have a plan to enter fake properties, leases, work orders, etc.

I've got about $10k I'm willing to spend, and here's what I've come up with as far as updates go:- Add shelving for grocery storage - there's very little today- Rehab the front porch (you can feel the plywood sink in places as you walk over it)- Repaint the outside of the house (paint is peeling)- Add a fence for the back yard- Add a back door (there's only one entrance/exit to the house)- Pave the driveway on both sides of the tree out front- Add exterior lights to the side and back of house- Update kitchen counters (granite?)

Hi Kenny-Great question about whether you should put a house you plan to live in and rent out parts to others in an LLC.Certainly putting it in an LLC would help with asset protection and limiting personal liability.However, you may lose the ability to claim the part of the house you live in as homesteaded tax rather than the higher non-homestead investment property tax for the entire property in an LLC.

This means, site plan has been signed off by the county, building plan is approved, site has water, electricity, and sewer/septic.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $252,000

Cash invested: $25,000

Brick house, 4 bedroom, 2.5 Bath

How did you find this deal and how did y...

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

I am planning on house hacking another multifamily putting only 3-5% down in a year.

Local input and city planning suggest this access has been in use since the highway was built, potentially supporting a claim for a prescriptive easement.While this access previously held little value, recent developments have increased its significance.