Some of the local municipalities here will contact a taxpayer with a letter essentially stating you filed a Schedule C, but you don't have a business license - explain this to us.I don't know that California does the same, but the opportunity is there for them.Best of Luck with Your Real Estate Investments!

The venture-specific LLC will offer more liability protections, and you will have the opportunity to craft an Operating Agreement that puts a "clock" on the details of your deal.

If your ratio is bad, you will not easily get a loan if and when a good buying opportunity comes along. 

While I am currently house hacking with this property I am always looking forward to find the next best opportunity.

I'm ready to purchase the next one or two multifamily investments in suburban Chicago, and see this as an opportunity to start building those deal-finding relationships for the long term. 

Seems like a really good opportunity if truly in a B to B+ area.

I am looking at an apartment building opportunity off Hamilton in downtown Allentown.

I suggest read and watch as many podcasts as you can until you feel like they're being redundant and then seek out opportunities to invest.

Do you have the means/knowledge/opportunity to put it to work at a much better ROI than the 30 year loan rate of interest, plus tax and inflation?

If you are already looking into a serious down sizing this would provide a serious opportunity to house hack.