Yet as the owner, I am still covering the cost of any maintenance and repairs, so who does this really benefit?

I tried shopping around but no one would take me since I had a sewer collapse claim last spring.

House hacking with an FHA loan is a great way to minimize living costs while building equity, or you could invest in an out-of-state rental for steady cash flow.

The main thing is making sure your investments produce a return that outweighs the cost of the borrowed money.A full cash-out refinance could work down the line, but with rates where they are, you’d be trading a 6.25% ARM for something likely higher, now that it is not an owner-occupied property, which may not be worth it unless you really need the capital to scale.

Not the best scenario but installing new systems can mount cost quickly. 

Key risks in the BRRR 2.0 strategy include construction delays, cost overruns, market fluctuations, and difficulty refinancing if the property doesn't appraise as expected.

@Jordan BrownSince Orange County and Santa Barbara have high housing costs, using an FHA loan for a house hack could be a smart move, allowing you to put less money down while securing a property.

cost of doing the deal. 

You can either put the portfolio into one LLC or create two LLCs, one for each property.Getting a good SEC attorney is more important than the cost. 

Underestimating rehab costs - get a contractor bid.5.