Similar with a SFH: I can at least get in the market with a 5% conventional loan not expecting cash flow but hoping appreciation will help me out in the next 2+ years and I will at least be able to put up the remainder of the expenses since I do live with my parents.I am young so I could be overthinking, but my end goal is to have a portfolio where I can cash flow enough within the next 5-15 years to let go of my job (5k clean a month).

If a legal issue arises with Property 1, only that property’s assets would be at risk, protecting the equity in Property 2 and any other properties you may own.Asset Isolation: Isolating each property in its own LLC helps protect your assets from creditors or lawsuits targeting a specific property, thereby providing a more robust legal shield.Financial Management and Bookkeeping:Regarding your concern about financial management and the practicality of handling multiple LLCs:Centralized Banking: Using a holding company’s business account and credit card can simplify your bookkeeping.

TIA.It may be more helpful to throw out a scenario like:Purchase Price:  500K20% down740 credit score6 months reserves 1:1 ratioQuote with and without a prepayment penalty and how long the prepayment penalty is. 

If you can manage a house-hack closer to home that helps you build equity and net worth, while demanding a minimal down payment, I personally think that’s a better option.

Holla if you need help fleshing out your dream.  

Please let me know if you are open for some discussions and I hope to prove myself to be of great help in your journey as well.

In the same boat here as I’m about to close on a home on Friday and would love some recommendations for someone to help me with this as well!

@River Sava may be able to help you as well for financing options.  

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If you have any questions feel free to reach out I enjoy helping and talking REI.