That raise will include prior investors, GP partners investing as LP, and other HNW investors adding $50K to $1M to the raise.

Now i feel like i should create an LLC just incase for protection.

Other options include regular loans with a 20% down payment or getting a long-term roommate.

It's been a while since I had rentals in NY but some of those consequences (some may not apply in NY) include the following:1.

No one will care as much about your place as you do.For management, fees vary by area; but talk to the company to see what it does and doesn't include. 

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Form an LLC:Purpose: Establish a separate LLC for the rental portion of the unit.Ownership: Lease the rental space to the LLC, which will handle all rental income and expenses.Lease Agreement:Internal Lease: Create a lease agreement between myself (as the homeowner) and my LLC (as the tenant renting the rental space).

I thought I was creating the sought after "win, win" scenario we all want in Real Estate.

The ACT program includes instructions to find and qualify the FSBO.

Permit included in job (unless you're paying unlicensed people significantly less) in which case u pay someone to pull the permit.