I understand that we made a mistake by not checking the covenants of the main HOA, but mainly went with the sub-HOA rules which don't mention anything around multiple properties for lease.Property A's lease expires end of this month and I have a tenant lined up to start a new lease term from 2/1 and Property B's lease expires in April and the current tenant is a long term one and would like to renew for two years.My preference to at least keep both of them through next January and potentially sell or transfer Property B to my son who is graduating in May and have a full time offer in hand. 

3) Check out some of the local meetups that you can find in this forum!

Does my math check out?

John,I would add, check the local & state ordinances laws regarding what is needed (ie. fence height, safety gates, etc.). 

Please check local rent control laws to ensure compliance.

Check out Furnished Finders for MTRs.You don't need an LLC for a small operation like yours, just a waste of money IMO.

My dad, being him, was never checking the mail, so I can't confirm if a foreclosure notice came in the mail, but in January 2021, I received a call saying our house was on the foreclosure block and days away from being sold due to him not paying taxes on the house.

House hacking a 2-4 unit property is a great way to get started in real estate investing and a useful strategy for building your portfolio.If you're looking to do larger apartment deals, check out Michael Blank's book "Financial Freedom with Real Estate Investing".

When you take over a property and you are using your own business checking account/IEN and new LLC to collect payments and pay for repairs/costs.

It depends on the city so always best to check directly with them.