I'd recommend the spread on the return and your ability to replace damaged items (local vs. not local, strength of your team) be the determining factors in that decision.

You're making a fairly common mistake of designing your castle when you haven't even learned how to build a chicken coop.

I am assuming that these expenses should be factored into your budget prior to calculating your cash flow.

That will dramatically change the nature of the wholesaling business with the legal compliance factor that agents need to comply with.

We converted a old restaurant on the property to a coworking lounge, redid the pool and built out the roof to a entertainment center with fire pits, lounges, bubble chairs, barbeque, large screen TV, music, yoga mats and amazing views of the ocean and city lights.It is designed for coworking/coliving for business professionals and entrepreneurs who want to...Live where they work.

First thing to consider is what was the original foundation design and can it hold a second story to a home.

Will factor this in our decision making process.

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

The loan on a property shouldn’t factor into the taxes.

I understand there are other factors such as pitch etc. but i am trying to get ballpark range.