Basically, 25% down plus 6 months in reserves and then another pot of money so you don't toss all of your savings into a new investment.If you are planning on house hacking, you can cut the downpayment percentage way down.

Looks like Jay isn't too optimistic about that idea specifically.

I'm definitely new and I don't have all the logistics planned out this is just the vision now I'm trying to backwards engineer and figure out my steps I thought my first step would be to househack a 4-Plex on an FHA loan and then graduate to six or 12 units and then move on to bigger properties most likely outside of Chicago to your point. right now I am very confused this is the second time someone has said that four unit is not like a six or 12 but I'm not really sure in what ways is it the underwriting is it the management is it literally every aspect of it.

Risks such as regulatory, legal, financial, tax, and integration must be assessed and managed to proceed with a planned deal.

The standard connection worked fine with minor syncing bug every now and then but the whole purpose is to make this an easier process..so now with Vrbo we will now be responsible for collecting and submitting state tax, damage insurance for the what if situations( which from the plans seen can be like $60 per listing), collecting payments..ya I don’t think so.  

But, that is not always the right answer and you should speak with someone familiar with your personal situation to get advice specific to you.

He told be that he had “already” purchased a $92,000 company car and spent $4,500 setting up a company defined benefit pension plan. 2.

The plan is to rent out the top unit to a long term tenant and for us to live in the middle unit until we move out (if we ever do). 

I specifically said before a property is in service. 

My family and I are looking for a primary residence with the plan to rent it out after hopefully 5-6 years.