Without doing a lot of deals it’ll be hard to really know the industry from the inside, the contracts line by line, the local market on a house by house level, or master negotiating skills, or know how to avoid bad situations etc.

The only people I've seen successfully sued for large sums are the really bad people.I don't know if I posted in that discussion four months ago, but I have posted similar questions over the last 14 years and can't recall anyone saying they lost a home because of a lawsuit.Here's my generic LLC advice:An LLC is useful for two things: anonymity and legal protection.

@Matthew Tyson I'll text my guy we've been using

Think of it from the PM's perspective: if you were them, would you deal with the significant headaches of a C or D area (non-paying tenants, trashed properties, crime, police calls, etc.) for a 10% cut of a single property (probably just a few hundred bucks a month) ...I wouldn't.To make matters worse, the property isn't appreciating (because it's in a low appreciation market, or even a depreciating market), and the tenant pool is primarily made up of people with bad credit, low/no income, and a history of property damage at the previous places they've rented.

I desire to dismantle systemic racism that allow bad areas to stay bad).Anyways, this opportunity came up and it's a crap shoot but the downside is controlled and the numbers look REALLY good on the upside 

I feel bad taking money from the guest who cancelled when those nights have been booked and covered by other guests. 

I am thinking the following:This would be a wrap around mortgage as I still owe $165k on it.Sale Price $245k (market price)10% down ($24,500)10% Interest 30 year (please tell me if thats a bad idea)Monthly payment based on 30 yr ($1930/mo + tax and insurance) = $2448/moPlease let me know if i left any pertinent information out.Any sleuths out there can check it out. 🤓 (1032 E Tucker St Fort Worth, TX 76104)

Someone who's looking to serially house hack in my area probably won't be able to do it in those very expensive/desirable areas, but they also don't have to settle for the really bad, crime-ridden neighborhoods either.

There is no doubt about it that you can find higher returns in other areas, but I just get nervous about states that protect tenants too much and treat all landlords like they are rich and greedy vampires trying to suck every dime out of the little guy.

these guys specialize in exactly what you are talking about and will charge you for a letter. no one's doing that for free.