I am planning on selling the property i own with my LLC and doing a 1031 to purchase another property.

I always have family and friends giving me negatives like " what is it doesn't rent" or who is going to "pay that much for rent" or "what if the tenant burns the house down" are these realistic situations and how do I prepare and understand to to come back if anything like this happens how do I plan ahead.3. should I go for a newer house with little to no rehab for 415,000 or something like 350,000 with like 10-20 in rehab?

Even if you don't plan on doing this method yourself I still recommend reading David Greene's BRRRR book.Welcome to the forum!

lower the size of your unit and therefore your build cost per unit, your sale price will go down but focus on density and get familiar with zoning and what your city will approve. my best suggestion is to do it in downtown districts where there is unlimited height and unlimited floor area and you can build every square inch of the property and reduce parking because of proximity to transit. property values are higher, rents are higher in downtown markets, there are just too many economies of scale compared to suburban deals.

Hey everybody, I am planning to buy my first investment property in the form of a house hack in the next year and a half.

Or bridge type, shorter term money especially to get the rents up, if that's the plan.

I am thinking about moving out to Sacramento, as I see some duplex’s around 500-700k range.I’m planning on house hacking my first property, which would be a multifamily, and build a portfolio of multi-families within the Sacramento area.

Or both but either way, separate plans.

I don't plan on selling unless a more favorable investment opportunity arises.

BTW, how do you plan to handle:1) Finding tenants and doing showings?