.: New to REI & BP, and debating my first move.My Background:30, single, no kids, no property, high income, fully remote worker$300K to allocate toward real estate (+ $100K/year after tax)Currently renting in NYC but planning to move back to LA (hometown) in summer 2025 or the following yearTired of paying rent and want to start building equityMy Dilemma:1️⃣ House Hack in NYC – Stay a couple more years here, buy a small multi-family now and offset costs with rental income.

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At year end you’ll get a summary and a tax form.

The mortgage is secured by the real estate.  

A HYSA pays 4.5-5%(before rates went down) pre-tax, 3% net tax if you're a high earner. 

OPIf you have a company with a Sales tax license.  

And of course we're in agreement on consulting a tax pro.

Despite the equity We also want to take advantage of tax advantages we did stay in the property for 2 years !  

experience: I’m on my 3rd flipage: early 40sday job: brand and web design/development retirement savings: noneI want to learn about buy and hold to secure having SOMETHING for retirement!

I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.