The home is settled like many older homes are and historically had carpet throughout on top of the old hardwood floor.

If you're currently paying $1,000 a month rent, keep paying that amount, even if it's to yourself (the house hack account), and save quicker.

Anyways, we put the account on a "budget" plan so that every month the bill is the same until it is rebalanced around the 3-month mark and then every 12 months.

Apologies in advance for my absolute ignorance with this stuff.1) We plan to purchase all cash in our names then transfer the property into an LLC that we haven't created yet, less for liability and more for tax purposes (our accountant vaguely suggested we should start an LLC that does really anything so that we are able to write off more home office, travel and equipment expenses that we can no longer do since recent tax changes).

Are you prepared to investigate where your tenant works and/or holds bank accounts so you can start a garnishment? 

For financing, am I on the right track with who I've talked to already, or do I need be someone who throws leverage to the wind and simply keep a fat wad of cash for PP+Rehab costs in my bank account until it's time to use and simply skip financing all together?

I'd like to transition into multi unit investing some day because in my head I see it as more manageable but with a PM in place maybe it doesn't matter.For my day job, I'm a software developer (Android historically).

Should I be accounting the $1082 that my boyfriend will be helping paying as part of the income?

Account Closed Many apartment owners have cell towers on their properties which allows them to collect additional income.

@Ike Stephens I think you may have gotten this answered on a different thread but thought I would post here too in case someone was searching and found this post too.For Fannie/Freddie loans, you do not have to source deposits in a business account.