The avenues in REI I’m looking at getting involved in are fix & flips, wholesaling, and rentals.

(we once paid $1800 to a big name plumber in town to replace 6in of plastic drainpipe under a stand alone tub). 3) We need better understanding of the legal structure (LLC) that we should have in place for our property, and also a tax advisor (CPA) to help with understanding deductions.

Despite this choice, I still intend to have an inspection company involved, inspecting every phase of the project.

Im gathering some information to have a better understanding with a FHA Loan for my first house hacking multi family property, and how to convert into conventional  loan or commercial loan .

Since my strategy would definitely involve house hacking, I was thinking about house hacking with a mixed-use property.It could be interesting to evaluate as a strategy, but only if I can access financing with a low downpayment.How would that work from a financing standpoint? 

I understand it is perfectly legal for other entities to be "Partners/Members/Managers" in this new Partnership/LLC.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

My understanding in this matter, there are several options for selecting the home basis for a cost segregation study:A.

One caveat: doing this created a situation where it was difficult to get loans because one of our LLCs is a "checkbook IRA"- seems the nonrecourse lenders mostly don't like having a non-IRA partner involved.

@Danielle TranI am a loud critic of transferring properties to LLC’s when it is residential, but for commercial properties I do recommend those be held in a LLC.I would speak to you accountant and an attorney in regards to understanding the tax consequences as well as the attorney regarding liability of the commercial property.