Most professionals will recommend a separate LLC for every $1 million in assets, but I don't think that's necessary.

Can't say for sure, but I'd be careful.

Especially if you market your work as a professional and charge accordingly.

If the deal is in a good area, well taken care of, generates income, and will attract good tenants then i wouldnt worry about anything else.

Thanks Sarah, I don’t see much house hacking going on in Essex or Dundalk in terms of listings on Zillow or FB so my concern would be finding professional adult roommates that want to house share in that area. i’ve been following a lot of the midterm rental groups in Facebook and the consensus is that contracts have decreased significantly and hospitals are using more local labor pools.

In Phoenix, where I’m based, or in markets like San Antonio, the best realtors do more than just list properties.. they go “driving for dollars” to find oppurtunity, leverage their local networks (probate attorneys, CPAs, divorce attorneys) and carefully analyze each property’s cash flow.

Meaning where growth opportunity is happening, appreciation, networking with professionals in that market such as lenders, other investors etc.

Networking with experienced investors, running the numbers carefully, and focusing on solid markets have worked well for many.

It doesn't hurt if you don't care if you get the property or not.

I would be a little careful with Section 8 unless you have experience with it.