While the other friends/tenants have agreed to share responsibility, I'm concerned that once they're actually accountable, they may opt to drop the lease and, ideally, move out.

I’m sure a lot of you know the market is booming here and it has been difficult to decide which route I should take that would make financial sense and put me in a good spot to build my portfolio moving forward.Here are the current options I’m considering: • Option 1 House Hack: Purchase a multi-family, live in one and rent out the others.

they screen the tenant for income eligibility and require a physical inspection of the property before tenant moves in and on a yearly basis for renewals. 

Unlicensed contractor agreed to do work, then moved his family in and never did the agreed upon work.

Someday will move back to it.

We’re hoping there’s a way forward. 

<insert fuming face here> I said I would think about how to move it with no intention on moving it at all.

I’m active duty Air Force…I look forward to hearing more about your journey.I wish you all the best.

Wanting to move these properties into an LLC but I find out we have to pay taxes (7%) on the transfer equivalent to the mortgage balance.

@George Voutsinos I would have to disagree with your approach :) The cash flow leaves as soon as the tenant moves out.