I want to get some opinions on a different perspective that came to mind to me regarding a house hack using an FHA Loan purchase.

So please bring your wants and needs, your hopes and dreams, your successes and your failures and join us for a night of networking with like minded investors.

Thanks for the info Jack.I'll see what can be done about the principal on that property, keeping in mind what I've read and what you told me.

Keep in mind, this area is definitely for cash flow and not for appreciation, it’s quite stagnant.Is is just me or is the price of 250k on this definitely NOT a deal?

Just want to make sure I am on the same page...Keep in mind when thinking about property managers, they have overhead of conducting business, including employee wages and benefits, hardware and software costs, utilities and rent for their office location, insurance costs, licensing costs for their employees plus the time and effort put into maintaining compliance with applicable laws regarding third party management of real estate assets.

This inspired me to take action and I really felt like REI was a great opportunity to create passive income and achieve financial independence.I have minimal experience in real estate (purchased a townhome in early 2017), and I would love to meet people who are like-minded and learn more from your experiences.

In my opinion, it's not bad if you don't mind the added headache.Few other options are a Trust, LLP, LLC owned by your LLC and your Partner's LLC.I strongly recommend that you consult with a lawyer.

I have always performed annual inspections and the house was always clean and in good order, and I did in fact see the tenant in May 2017 at the last signing.The first thought that crossed my mind was that the tenant was trying to get out of the lease early and that this is one giant game that he is playing.

Let me know if you need me to go check something out for you, I don't mind. 

Collaboration can happen anywhere, especially among like-minded people who are taking action in other areas.What kind of opportunities have brought you the greatest happiness?