(You can break this last rule, too, but it will create an accounting headache)

Hey @Blaise Bevilacqua - I'm a broker & investor in NYC, also a househacker and have worked with multiple househacking clients in Brooklyn/Queens.If you're curious, checkout my YouTube page for a podcast episode with my clients that were in your exact same shoes last year that ended up purchasing a househack in Bushwick.

Buying pre-construction properties in Latin America to flip within a short period of time is a risky strategy in general but even more so today given the rise in prices over the last few years.Medellin is a great place to invest provided you buy the right kind of property but not because it's still undervalued according to international standards.

Last year I got money back because of a shortage now there’s a massive overage.

I put alot of importance in reading, so I made them read classics at 1st, then mindset (think and grow rich etc) then financial acumen (rich dad etc) thankfully they all have w2 jobs so 401k match, roth etc. 2 are homeowners (don't want to be REI investors) but the last 1 is saving for REI investing.

I have an 8-5 that brings in just under 100k and I work as a part time realtor(sold 3 houses last year and had a rental deal too) and I bartend most Sat nights(300 a night, working 4-11)If I sell the 2 family, after 15% cap gains and 2% to the buyer agent and lawyer fee and pay off all our debt(wife and myself, not mortgages) We would have about 150k left over.If I sell the cabin, after agent fees and cap gains we’ll probably walk with 60k.Would keep pushing forward?

Depending on the experience we may opt not to go the LLC route and try to establish other strategies for asset protection that is consistent with management and cost minimization.Would appreciate hearing about the experiences of other real estate investors, including about the pitfalls to avoid with this kind of structure? 

A DST with a 721UpReit option is typically held for 2 years after the last investor has entered the deal and the offering is closed.

@Ankit Biradar there are a few long threads on this over the last few years.

I got a duplex UC last spring that had about 200k of work to do to its ARV is well over $1m but each unit will be renting for close to 5k.