Little longer on the hold period but profitable exit.

Also there are weather issues with Indiana winters and pipes possibly freezing, thunderstorms and hail damage2) Knowing how long to hold onto a property, 1031 exchange it to another property or DST, or in some cases sell it and pay the small capital gains tax (if any) to have less headache. 3) Underwriting the deal incorrectly (factors: local appreciation, rate of rental increase, economic growth, gentrification of area) and being overly optimistic (a renovated 100 year old home is still going to have problems).

I would refer back to your owner agreement and hold their feet to the fire. 

So the listing agents will be holding open their own listings, right?

That being said, House Hacking is such a great way to start and choosing a multi-unit is something I would have done if I can go back in time.Good news: Illinois is NOT a community property state, so getting married won't hold you back (if you want to put the mortgage in either of your names individually).Easy way for you to calculate what you'll be qualified for: (Gross monthly income) x (57% max FHA DTI Ratio) - (Minimum monthly debt payments that show up on your credit report) = Max Mortgage Payment you can "afford".

Another is turn key buy n hold investors are re-entering the flipping environment.

Like @Michael Baum said, SEO isn't a small-time game anymore.

By forming a separate LLC to own and hold each legally titled separate property or business entity, theoretically only the assets owned by a specific LLC would be subject to claims or lawsuits arising against that LLC.

Adelson is something like #22 of the world's richest people or maybe richest in USA, just bought some big plots to probably build one of the worlds largest casinos....interesting as we don't allow casino gaming yet. 

Our hope is that we could hold it long term in order to have a rental house in our area.