But as you said it’s relative based on your opinion and individual criteria.

Hi Biggerpockets,I am reaching out here to further validate my house hacking plan in the current Boston market, and seeking feedback/criticism from experienced individuals who have more insight and knowledge than myself.

Will putting it in both the individual names and the LLC work?

It could be a bank, or a hedge fund, or a bond, or the US government, or a credit union, or an individual, or a LLC, or a corp, etc... 

Is your property manager just a licensed individual, or are you working with a company?

Friends, family, individual lenders, and have them put down most of the purchase and Reno funds.

One does not need to be a licensed individual if they are leasing properties out for an employer on an hourly or salaried basis.

I bought it in Metro Detroit, but recently Magic Johnson just partnered to do a development several blocks south of my rental.

I have personally witnessed an engineer and teacher spouse try to claim real estate professional status and fail even though they had significant time... major stumbling block is 1 hour more than 50% of W2 or 1099 hours.

It's as much a function of opportunity cost as it is simply looking at an individual asset's performance.$1000 rent is $12000 annual with $4k - $6K in Taxes and insurance