I personally haven't done this but I have helped clients do it in the past.Hit me up if you're interested!

$6k tax.Ins,hoa, not to mention utilities . took out a HELOC off of our personal home ( res.worth $900k, and a 260sq ft studio, mtr. $1450 mo.) for$ 220,000 for the deposit.

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

I personally own properties in these areas, and they’ve been performing well in terms of cash flow! 

No personal experience with them. 

Less commonly, I’ve seen investors prioritize the 70% rule when evaluating deals.With so many different benchmarks out there, I’m curious—what metrics do you personally prioritize when analyzing deals?

Unless you revise your plan and ensure that your personal use is under 10% of the rental use.

Regardless, you might find the copy & paste info below helpful:)--------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

One-person rental units are in the highest demand, and co-living directly appeals to this market.

I would recommend anyone lending in this environment to fix and flippers or any type of investment to be careful and get a personal guaranty and make sure person has a long track record.