Budget is $200,000 and I plan to put down 20% that is a gift from my mother.I talked to a mortgage broker with Edge Home Finance and submitted an application for pre-approval.

The paneling sounds like an expense to me.

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

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.

@Tim Kaminski, Using the 1031 exchange will allow you to exit your older Pinellas properties and purchase newer properties elswhere that are not as big a risk from capital expense or natural disaster. 

But HOA are a whole other universeAnytime people buy properties for STR they really need to have a plan B and C for changes in the market and law... the STR is subject to a lot of changes, so you need to be prepared

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.

So I think they will drive labor expenses lower, certainly, but for the purpose of maximizing profit for the house builders who own the machines.  

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.

Any recs on companies that help form LLC formation, business structure and estate planning services?