I am curious though as to what part of my original post triggered your millennial radar.

Load the gun, wait to pull the trigger. 

The biggest lesson of all I learned on this property was learning how to just pull the trigger.

I hope this info triggers you to ask more specific questions and I hope I can find a way to help you! 

I’m not into big multi family markets myself but I do know this .. if your afraid to pull the trigger when the market is doing really good what makes you think you’ll have the nerve to do it when there’s blood in the streets and everyone is running scared . 

We have come close once to pulling the trigger and buying but it fell through.

I’ve been tossing around the idea of house hacking here, then keep it after I move, but haven’t pulled the trigger yet.  

Does this trigger anything with our current lender?

@odie ayagaMaybe.I think the larger lenders that we work with (that do allow borrowers to take title in their own name) realize that there isn't much difference between an LLC with a personal guaranty and just believing that a borrower won't move in and trigger any Dodd-Frank rules. 

I have a few spreadsheets analyzing deals but aside from the 1% rule and how to estimate CapEx and repair costs, I'm never sure what price I should think about pulling the trigger on a property.