So purchasing a traditional turnkey property in NJ you may be at a break even day 1 but year over year with significant rental demand and increases in rent a break even property has potential of turning into a cash cow.

i figure leveraging some of that equity (450k or so in total equity in that property) as well as financing the other deals with a good down payment will alow me to scale and have the tax breaks at the same time. 

Considering selling it and hoping I can break even or at least not lose too much money. 

You’ve laid out the situation really clearly, here’s how I’d break it down for you:1.

You don’t get extra tax breaks just by having the LLC.Liability Protection: The main advantage of an LLC is asset protection.

I can rent it myself and break even, and consider myself lucky to not have more damage done. 

Before I knew it, I was featured on the news and have been speaking about the house at conferences, etc. 

Check out the books on this platform - I recommend books written by David Greene, he breaks down all the strategies very clearly.You might be in a great position to house hack, and you might have to get creative with how you do it.

Not like they are at 1400 a month and market is 1600 a month like rents are 1400 a month value added and now rents are 2k+ then i would just try to find a deal the breaks even.

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