Now, the Mgt LLC can lease out the property.You just need to make sure whether your Mgt LLC needs license, and be sure to get it insurance since its operating as a business.Consult a qualified professional...

Charging the market rate ensures you have funds available to care for the property.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

@Greg Heden here's a funny story along your question.Seattle investor came to City of Detroit and his plan was to over-improve Class C rentals to get the "best" tenants that would appreciate the higher quality of home, pay above market for it, take better care if it, stay longer to reduce turnover costs and avoid rent nonpayment issues.After 2 years of trying to do this on his own, reality won and he hired us (we initially spoke with before he started and warned we didn't think it would work). 

While you can’t completely control who applies to live in your properties, you most definitely can find areas that are popular with students, young professionals, families, etc. 4) just as important as finding the property, you need to have an exit strategy in mind for the property.

I was recently flagged for tax audit, and one of the asks was to show all hours spent on real estate. What a pain! 
What problems you face for tracking time spent on RE activities? 
Would love to chat more. DM me.

Don't forget to add an adviser to your team to work with your CPA/tax professional to maximize the tax benefits available on each and every project.

Hi everyone, my name is Eli Moore. I am looking to get started in investing in real estate. My current goal is to buy my first home and house hack. Looking to buy a duplex/multiplex in the Indianapolis area. Any advic...

Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

Depending on your financial objectives and the state of the market, you can decide to try the home hacking method again with a new FHA loan, look into other financing possibilities, or follow alternate investing techniques.Remember to consult with real estate professionals, conduct thorough due diligence, and make informed decisions throughout the process.