I just think now may not be the best time to buy multi-family in formerly Hot markets, like Austin MSA, that are clearly going down in price.

That's unrealistic after a year unless you're doing a certain level of rehab, which it does sound like NACA pays for renovations although I'm unsure how much.All this information I took directly from their website - https://www.naca.com/faq/gener...

I can’t speak to the $10K in closing costs without knowing the total loan amount so there’s some information missing.

@Teri Feeney Styers fantastic information!

Whether it is understanding their K1, where to find information or forms or just to provide an update. 

Any information would be helpful.

What I need to know is information about the low income areas. 

I don't think you can constrain the conversation to these metrics to make a decision.

Depending on your definition of house hack, these excess losses may be able to be carried forward as passive losses on form 8582 (not enough information to determine this part, would need additional info).I will mention as well that if you choose to switch to another accountant who more specializes in real estate, being that it's April, any good CPA will automatically want you to file an extension.

Good.The Weekly 3: News and Data to Keep You Informed- “On current facts, a rate cut in June would be a dangerous and egregious error comparable to the errors the Federal Reserve was making in the summer of 2021.