Hi Sean,House hacking is a great way to gain experience while taking advantage of owner-occupant financing, which lets you buy in at a lower cost.

To thrive in real estate investing, you must maintain a firm grip on your finances.

I try to pay off all loans as fast as possible because I feel like money wasted on interest is overlooked sometimes as people only focus on the amount of money coming in rather than the amount saved.As of today, I'm just focusing on establishing the best systems to analyze the markets, find properties, get financing, make wise renovations, and manage my rental properties.

If there aren't any massive physical problems with the property, it appears you can grow income and equity.You might be able to buy this with little cash out of pocket if the seller owns it free and clear and was willing to finance nearly all of it.  

How did you finance this deal?

To thrive in real estate investing, you must maintain a firm grip on your finances.

Ignore seller finance for a second...Can you buy a house, put 20% down...yes.

Hi Chris, As financing costs will be a big factor in determining profitability, you should be asking HMLs for proposals to fund. 

If you need help financing your next investment, I’d be happy to assist.Drago

Financing through an LLC can be tricky due to Fannie Mae and Freddie Mac guidelines.