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House hacking & Medium term rental
Hello all,
I am currently house hacking a 4 plex and have been attracted to the medium term rental model. I am a blue collar worker and Dad of 1. I am saving about 3k a month and will have 45k by end of year. Slow paced but I'm trying. I have a 6 month lease and would like to take the jump and test the waters with the medium term rental. what I was thinking I can do is move my family into the empty unit after the lease is up and attempt to furnish the unit I live in currently ... Rather than spending all the money to furnish the unit for it not to be successful... and have to sell or put all the furniture in storage and create another expense.
I am very very new to all of this and am seeking advice on what you all would do. Would you stay in current unit get a credit card and furnish the other unit? any how, thank you all in advanced for your advise.