Joanne There are insurance companies that will insure more than 10 properties on a personal umbrella but it can be tricky based on the companies providing the underlying insurance, the makeup of the portfolio, the state you're in, etc. 

House hacking will also give you some personal "property management" experience.

I'm with a brokerage that specializes in single family and small multifamily and have personally house hacked twice in Reno. 

Personal financing How did you add value to the deal?

1. probably the easiest and least complex options - also should not be really any more cost than opening a single member entity tbh...ensure that dissolution clauses are properly drafted for you both being on title2. for one rental property, this is overkill (although there are many people that will say you need to do this...the maintenance and cost of a trust for one rental property is likely not profitable) 3. personal name with good insurance policy if you're worried about liabilityHappy to go over ideas.

Personally, I'd prefer to use that money payment on a fix and flip, or for marketing expenses to find that next deal.So here's what my wife and I did.

I personally love investing in NJ because 1) google says not to, and 2) I know the answers to my questions I just asked.To each their own and I wish you a ton of success!

You can make this election at the same time you file your taxes by filing Form 1120S, attaching Form 2533 and submitting along with your personal tax return

Also, which I've only seen one person mentioned, the interest saved in the loan is monumental.

I appreciate the varying advice people have given me already as it showcases their personalities, risk tolerance, and values.