We're house hacking, living in one unit and renting out the other.

The toilet tank in the condo unit overflowed and water went under the bamboo flooring into the bedroom, the kitchen, and the dining/living area.  

The one thing we all have in common is that our working vehicles are all well-worn and do not proclaim to our tenants or the rest of the small communities we work and live in that we are making money at this.

My realtor lives in Fairview and loves it there.

I currently live in Raleigh, North Carolina and am interested in connecting with folks who have invested outside of the the main Triangle Area (Raleigh, Cary, Apex, etc.) - specifically if you have invested in Knightdale, Wendell, Rocky Mount, Zebulon, etc. 

The lease agreement includes mom and one kid, the daughter just moved back from college and now the son is using basement living area as a bedroom.

Unless you have dozens of properties one LLC per state should suffice.If you have a Wyoming LLC that does business in Illinois under that LLC you need to file as a foreign entity and submit an Illinois income tax return as well as Wyoming.Unless you live in Wyoming you have no need of paying for multiple filing fees and tax returns.

Currently I own (2) duplexes in the Miller Park Area.Property #1, full gut on the upper unit, new everything, lived in it, moved on and its rented.Property #2 purchased late last year,both units were occupied, fixed up both units after the tenants vacated.

Your robbing people of their hard earned money by requiring them to pay rent to live in your property.

Or you could buy powerball tickets with the very highest of risk.Part of the problem with this analysis is you yourself have to determine what the risk level for each of the investments but many people (especially on BP) would tell you that purchasing a place where people can live has much lower risk than some of the other options.