Other than that, mistakes related to expenses are common, and not electing things like the De Minimis Safe Harbor election, which can save you if you get audited.An option you might want to consider if you do your own taxes is at least have a tax professional review your return after you complete it (but ideally before you file it). 

While house hacking, the goal should be to pay less than you would renting and then turn into a full time rental once you move out.

What are your goals with investing? 

A common strategy here is to access the equity through a cash-out refinance or selling.

In todays market.8% is more common for new jersey

I'd approach the seller as a fellow owner/operator with the ultimate goal of seller-financing at least for a time.

Hi All,My wife and I have recently joined the BiggerPockets Pro community because it's our goal to acquire the knowledge this year to begin our real estate investment portfolio. 

What are your goals with beginning out investing?

Using Philadelphia as an example, in other areas, especially the more suburban neighborhoods, you could run into ERSA, steep slope, and more common to encounter interpretation issues on the part of the plans examiner.

I would love to discuss your 2024 investment goals and what strategies would work best for you.