So you are suggesting like me tryin to by a single family residence or a apartment unit and live in one of the units and rent the rest out as a house hacking strategy?  

Purchase price: $420,000 Cash invested: $55,096 Purchased a distressed single-family home in Antioch, CA, using the BRRRR strategy to create $141,000 in equity and secure a cash-flowing rental property.

We currently have six rental units (single and multi family) and one flip under our belt.

It's not just for large portfolios; even a single property can justify the use of an LLC, especially if you want to shield personal liability in the event of legal issues. 

the issue is the $200K investment does not add any where close to $200K of value in most single family zoned areas. 

I did all of mine several months ago as they are single member LLC;s and I already have to go through fingerprinting, background checks for my NMLS license as well as audited financials for our fund.

It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.

However, its downfall (and really what makes it so easy) is that it is a single-entry system. 

I am single and 42 and doing this all on my own... no one in my family has any experience in the investing side of things, so I am truly starting from scratch.As of April 2025, I will be moving to the Charlotte area (along with my two pups) and putting a renter in my Austin house. 

Also, watch out for any litigation or construction issues that could lead to HOA fee increases down the road.Alternatively, you could consider a good deal on a single-family home or a 2-4 unit property.