House Hacking - Negative Cash Flow

[Rick DiAgostino]

Hello All,

After about 18 months of educating myself, planning, budgeting, and saving I am about to buy my first rental property! It is very exciting and scary at the same time.

This house hack is a duplex. I will live in one side of the duplex and rent the other side. However, the rent from the other side will not fully cover all of the payments (this is still a good deal. If both side were rented it would cash flow). I am in the process of making a separate bank account for it and everything, but I'm not sure how I'm going to balance my books because I will have more expenses than income. I will need to put personal funds in to make the payments. How would you set this up?

Thanks in advance!