I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.

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VS one or 2  break even homes that appreciate just 4-5% ($24k/yr each).

Since bathrooms are relatively small, using some unique tiles and fixtures won’t break the bank and will go a long way with buyers.3.

@Philip Beckwith typically in Michigan, you can only do a tax appeal in February.The instructions will be on the back of your winter tax bill.You will need to have great comparables to challenge the City Assessor's valuation.

My advice: don’t overthink it—your first house hack is about learning, so pick a strong rental market, ensure solid demand, and lock in a deal that gets you close to break-even or better.

I would like to buy a future retirement home to get away from the cold winters but in the meantime would love to rent it out as a vacation rental.What are the good areas to consider and where would I get the most vacation renters and cash flow?

However, the units I see myself living in all barely break even on cashflow.

But the most important thing is breaking out of the paralysis analysis stage and taking action!!!

If $150 is making or breaking the deal, then there's other issues.