Another good thing about that is that you can do a cost segregation study based on the percentage of the house that is being rented to your house mates.

house hack is possible. base way to get feet wet

I know of several DSCR and portfolio lenders who offer different terms based upon your situation.

Are there any other areas I should consider based on my budget and purpose?

Hi Thanh - Managing a single STR can be manageable, but as your portfolio grows, hiring a vacation rental company can be a game-changer.

I'm based in the Boise area so we're a little far apart.

Sure, you can make a few quick trades, but the playground monitors (a.k.a. the law) might notice, and you’ll miss out on the bigger opportunities and loyal customers.So, while skipping the license might seem easier, it’s not the best way to win at the toy game in the long run.I have this talk with 10-15 people each month at our Free Meetups here in MA, NH, and ME.

Allocate equity based on contributions: you provide the $235K HELOC and management, while your former boss contributes renovation expertise and labor.

If you don't/won't have WiFi then you should either consider a SimpliSafe system that you can move around from house to house, or some type of Trail cameras like hunters use for identifying game areas.

I'm a new real estate investor based in Calgary looking to network