Hi BiggerPockets Community,I’m a lender exploring opportunities in hard money lending and would love to hear from those with experience.

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).

Over the months it will take them to catch up this will save them several hundred in fees but I am also collecting that balance.

There is an extremely low success rate going this route.

Many house hackers use this “ladder” approach, building equity and income with each property.A friend of mine started house hacking with a triplex in Phoenix around a decade ago.

Another item is, my logic at purchasing this property was to spend less than what I am paying for my current living expenses and it is about there.

What made you interested in investing in this type of deal?

For larger homes this will cost more.

There are good areas for rentals in pockets all over town so don't think of this like a big city where you might have to narrow down your area to one suburb or specific area of town.

Hi Mohammad, glad to have you as a part of this awesome community!