House hacking will also give you some personal "property management" experience.

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.

Me and other partners handle everything from sourcing, managing rehab and sale.

However, I want to avoid issues acquiring more properties under LLC in the future.An idea to avoid this, is to setup an LLC property management company that manages these properties held in Trust.

Tenant suffers damage due to flood for failure by landlord to inform him that the property is in 100-year floodplainA 100-year floodplain refers to any area of the land designated as a flood hazard with 1% or greater chance of flooding each year by the Federal Emergency Management Agency.

I’m managing 100+ properties mostly STR (airbnb). for STR-friendly areas, West Sac 95605, Natomas 95833-34 and Citrus Heights are ideal!

(if this helps: i have mortgages with rates from 2.75% to 6.5% within my rental portfolio, and i'm about to refinance some short term debt on my newest investment property into a long term, fixed 7.5-7.75% rate. 

Could you share more information, such as , did you buy it close to where you live, what softwares are you using to automate, are you self managing or have a PM in place for maintenance and bookings and also communicating with guests?

One of my mentors put me in connection with a colleague of his who is selling a quarter of his portfolio due to retirement.

Scott's book, hard money isn't always recommended and it's better to go with a portfolio investor such as smaller banks, or partnering with other investors, or of course seller financing.