House Hacking to the Max

[Oscar Guzman]

I purchased my first investment property with the idea of turning it into a house hack (I will not live in the property). It is a SFH with 6 bedrooms and 3 bath. The plan was to split the master bedroom into 2 rooms since its large enough and use the garage to add 2 more rooms and then rent out each room in individual contracts. Has anyone done something similar in Orlando or other RE market? if so, has it been successful? any issues/concerns to watch out for?

[Rick Albert]

Quote from @Oscar Guzman:

Quote from @Rick Albert:

Instead of turning the garage into two rooms, what about having it be an entirely separate unit (like an Accessory Dwelling Unit)? I would imagine there is diminishing value with so many bedrooms and not enough bathrooms, only one kitchen, etc. 

Potentially you are right. but from what I have been hearing/learning this week the bedroom to bathroom ratio in my property is actually pretty good. plus an ADU would cost significantly more to build I would think. To start off though, I may keep just 7 bedrooms and see how it goes for the first year. Would also allow for more exit strategies if needed.

I also learned this week a bit on how they are able to go around the zoning loopholes (legally).

Very nice! Yes, it would be more expensive, but I'm just thinking about the return. It would be interesting to see how much rent you would get with an ADU versus just two rooms.