However, it only protects you from one type of liability: accidents.After that you want to compartmentalize your assets, which is often accomplished through the use of LLCs or corporations.

This is accomplished by the lender ordering a comparable rent schedule (form 1007).

This way you gain more experience real estate wise (which banks like) and you are getting a head start on that 2-year track record (which banks also like) all while still maintaining your W-2 job and being bankable in the interim.Sure, this route is a lot of work and sometimes requires long hours, but it is a path to go about things where you can accomplish all of your goals while still being able to get loans on properties.

The second question is how do you want to accomplish that goal? 

That is something I hope to accomplish one day as well.

That being said your goal is a certain return no matter what if the property doesn't accomplish that goal you move to the next one. 

In order to accomplish this, I decided to purchase the property and house-hack it.

I’m from the area and a recent investor as well.What are you looking to accomplish?

One thing I will say to anyone starting out like me find yourself a rockstar agent or a team of agents that can help you accomplish what you want.

Hi Chris, Sometimes the increase can't be accomplished due to the comps in area, unit conditions and DCHA's budget constraints.