When I wholesale a deal I require the buyer to pay all closing cost.

if you're using debt to do the project, your lender might also have requirements for this. i've heard horror stories of break-ins & tons of equipment stolen, flooding, fires, etc during flips.

It's crucial to establish your investment requirements, investigate various avenues, connect with local investors, take into account innovative financing possibilities, carry out exhaustive due diligence, and bargain skillfully in order to locate a lucrative multi-family property for house hacking.

However, life can get complicated, and if you find yourself needing more time to gather your documents and complete your tax return, there’s an option available: filing for an extension.Understanding the Extension ProcessTaxpayers who require extra time to file must submit a request for an extension by April 18.

Just a FWIW some states require your home address when you have an LLC.. cant get around it.

One of my issues is I am not sure what the neighborhoods are like at the properties I find on-line.  

There are things that you can do as part of your lease requirements to lessen your liability or shift the coverage to the Tenant. 

Also, does it require cash to close or can be done through loan too?

I wanted to get your opinion on the various property management software / online portals. 

Would you rather be left a retirement account with a $1million in it with required minimum distributions that are added on top of your regular income.