I guess I'm partially thinking of that "estimated repairs" field as "cash out of pocket" and I'm curious if cash out of pocket and cash flow to pay for things effects the cash on cash return differently.I hope these questions make sense.

Hey @Robert Saunders, that does make a bit more sense.

As much as I want to house hack in a four-plex, it would not make sense for us because it does not align with our deepest needs and desires.I definitely see the benefits of house hacking first, I was just curious what your thoughts were on skipping this step so I don't get caught up in this space and never end up moving on to what really interests me.

https://multifamily.withairbnb.com/buildings/friendly-buildings-program.htmlFrom a landlords perspective I think this program makes the most sense if you are looking to be more aware of how your tenants use Airbnb.

@Kyle Baron it would make sense to me to see when most sales take place in your area. 

However, there's no sense in getting angry about what I think is right, at this point I just need to make sure that I am properly represented by ANOTHER professional that I am trusting to do a professional job.

My question since it is our residence would it make sense to put the rental portion of the house into a LLC?

However, it doesn't always make sense...I've done 6 month leases, and 2 year and 3 year leases....all were dependent on the tenant situation.

The only way it could make sense is if you can rent a place for significantly less per month and then invest the saved money some place else with higher returns (multi family, stocks, bitcoin, ...).

If you're some cash rich secret millionaire buying houses in the ghetto that are unsafe then maybe a LLC makes sense...Just get umbrella policy and be done with it.