Hello friends, So I'm thinking of buying my first property. The idea is for it to be a house hack (live in 1 bedroom, rent out the other ones). Here's the conundrum: I live in Denver where the market is crazy hot. The...

Terms of Consideration:In this mutual termination, both landlord and tenant agree to the disposition of deposits and financial responsibilities in the following manner: Landlord will return security deposit by June 6, 2018 less damages caused by tenants, missing items and outstanding utilities/water bills.We'll fill in the terms later but do you think this is good enough? 

Any above that, I had to pay the brokerage their part of the commission based on the split.I am sure there are great exceptions to what I am about to say, but as someone who has done a VERY large amount of wholesaling earlier in my career and a lot more brokerage in the later part of my career, my opinion is that you typically can do better financially through brokerage than by wholesaling.

See what loan programs you qualify for and then let those terms inform the financials for your rental.

You can obtain a plan document from us (without need of a CPA, though we always encourage you to talk with your CPA about all of your financial plans) that allows your 401(k) to buy and sell real estate, have a personal loan provision, have Roth contributions for the participant, etc. 

I went through this process when I decided where to retire.At a high level, I used financial media, Wikipedia, and local news (many TV stations stream their local news broadcasts) to select a state and city.At the neighborhood level, I used CrimeReports to get a feel for crime and real estate listings to get a feel for the type of housing in the zip code.Then it's boots on the ground to home in on a specific choice.

Much less financial stress for you and your family.

Alternatively, depending on the nature of your financial sophistication/willingness/balance sheet, you could also look into investing through syndications, JVs and/or partnerships.

The BP calculators are a great start for analyzing deals and I have also built my own financial model I help investors analyze deals (have an example on my website below).

I could purchase a home on the otherside of town for around 90k in cash and live there.what makes the most financial sense?