Ultimately, setting up and maintaining an LLC comes with annual administrative costs so another thing to consider is if your cash flow is ready to support these additional costs. 

Typing out EVERY SINGLE income and expense in my life, personal or business.

Median income is 117k, Median home price is $370kIn Palo Alto,CA, median income is 178k, Median home price is $3,200,000Cleveland median income is 92k btw...So Milwaukee still has long appreciation play that can still be supported by people income, what I don't understand is whether the statistic is accurate, I thought the income in that zip code is only 50k. 

Currently, stepping up from residential to commercial via ADU additions is a huge grey area (correct me if I'm wrong here, anybody!).

It is difficult to cashflow in year one of your house hack for a couple additional reasons: 1.

You acquire more capital in your position by (1) decreasing expenses, (if possible) and/or (2) increasing income.  

For example, if a client gives me the income and expenses on the rentals and it does not include mortgage interest, taxes, insurance or repairs, I have a follow-up question just to confirm that information is accurate.

That part is normal for commercial mortgages; 5 year maturity is common, and 2019+5=2024 is why many are expecting offices to have a rough couple years.Net operating income (NOI) is net profit before the mortgage payment, and determines how big of a mortgage you can get. 

Will the two of us in MN get taxed twice on income tax for CA and MN?

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