I'm active in the North Park/Normal Heights areas with 4 investment units and my primary residence.  

This allows you to pool with other passive investors and get into a deal that you wouldn't normally be entering into.  

@Dean VelodotaThis arrangement sounds complicated.An LLC is an entity that is meant to hold business assets.A house-hack is normally an asset that is partially business and partially personal.I don't agree 100% that you can write off the expenses towards your side because that would mean you are attempting to deduct items that are personal in nature.Good luck with whatever decision you decide to report it for tax purposes.

As I said, the redemption period is 2 years normally. 

I had the capital and I did enough research and I didn't feel like I was gambling.

I had the capital and I did enough research and I didn't feel like I was gambling.

But not only is that hard to do normally, it's nearly impossible these days with shortages and huge price hikes on key building elements, including lumber and labor.

A hypothetical comparison for example:Say a normal fixed-rate mortgage could be obtained at 5%Now compare this to an ARM where you could obtain a 4% interest rate for an initial period of 5-10 years.

During "normal" times, I would not think twice and proceed with non-payment filing asap.

Normally I say about 8% to sell, by the time you pay realtor commissions and closing costs.You can calculate your returns, but your profits/investment and compare the returns to other investments you might consider.