If you choose to buy apartment complexes you will have 1 address instead of 20 with homes.Know that there is good debt and bad debt. 

My main concern was that there would be any possible way the irs could redeem the house without paying either the original purchaser or the LLC the amount paid at auction.

I am planning to house hack once I get my debt down and have more money for reserves...

The answer is: anything that will close and payoff the 100k debt in next month.

Hey everyone, Does anyone have any recommendations for investor-friendly real estate agents in the central maine area (Augusta/Lewiston)?

I'd love to know the opinion of those who've done fix and flips in Maine and dealt with Maine buyers.Thanks in advance!

I'm am going to use this strategy for down payments and debt consolidation.

One of the biggest mistakes I have seen less experienced investors do when choosing their first one or two flips is thinking they can save a lot of money by doing a lot of the repair or upgrading working on their own compared with paying a licensed contractor to do the work and mainly because a person doing the work themselves are not as experienced at doing good quality work and frequently will take a lot, a lot, a lot longer to get the work done and if you are financing your deal they you will end up paying a lot more in finance interest and still maybe end up with marginal instead of good quality work and you are only delaying the date for flipping , reselling, or being able to get a property rented.

Once you move out, your new mortgage payment or rent payment (you have to live somewhere) will probably change your debt-to-income ratio, and you might not be able to get the same LTV you can now.

I've also thought about reaching out to one of these major portfolio lenders and putting everything on more fixed long-term debt to increase my cash flow, but I like the idea of paying everything off in 15 years.