However, if my old college friends want to live with me and help with the mortgage I thought it to be a great house hacking scenario.

I help other veterans/investors purchase here.

Hi Cliff,Here are some things to consider:Liability Protection: One of the biggest perks of having an LLC is that it helps protect your personal assets.

Asbestos insulation around pipes.I'll try to think of a few more, but those would be the major ones.

You might lose more than the taxes if you’re in the 15% capital gains bracket. 

I’m looking to learn more about HAP contracts and HUD for a property I’m acquiring. 

We have many deals in our city that we will probably need more than 10 investors.

That might help clarify (for me anyway) all of the things to be researched and investigated before a potential tax sale bid.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.There are over 20 real estate accountants on this site.

As Mason points out, the more you do the more valuable the project.