Establish Your Goals: Make sure your objectives for house hacking are clear.

we live in Ontario and invest in Detroit and toledo where the numbers are excellent. we have established teams on the ground in both places working without a great team on the ground is a recipe for disaster. more the willing to share what we do and what we have learnt over the years with anyone who wants to chat.

The Establishment Survey (businesses + gov’t) showed that the US added 206,000 jobs in June, slightly above expectations.

To navigate, network with local real estate groups, build relationships, use online listings, conduct remote due diligence, hire a good property manager, establish trust, and use resources.

Quote from @Jeffrey Abraham: What is the NOI on the facility and how many rooms are you renting I think you could do it as a dscr loan and refi it with a hedge fund and get 65% cash out and close with 14days Established and competently run assisted living facilities aren't ever NOI/DSCR-constrained, so that's not important for the asset class. 

In fact, nothing was ever done.To make matters worse, I have another Fund That Flip deal that has gone south with little hope to recoup that investment as well.The loan was made in June 2018 and they stopped paying a year before Covid started and this is their latest comments:The developer remains non-responsive to Fund That Flip’s communication attempts to discuss foreclosure alternatives.Foreclosure counsel is waiting on the court to schedule a hearing date for the judge to rule on our motion for default judgment.Fund That Flip continues to work towards re-establishing contact with the developer and their known colleagues to discuss a successful exit.

This helps to establish a "detrimental reliance" (implied contract) legal standing in case they attempted to go back on their notice.

Cleveland is an excellent market to get started, and you definitely want to establish your 'boots on the ground' here before diving in - an experienced property management company is a great place to start (Bonus if they have a sales team attached - making it a one-stop-shop!).

home depot and lowes is a great way to start . amazon is awesome from small to large items and sometimes have sales . some of the contractors you work with will also be able to source materials from their established relationships of suppliers .

My advice for conforming borrowers (FHA, VA, AA+, W-2/Full Income) is to check with your current bank or credit union with established relationship.