There are plenty of cases of people getting away with it, sure, but the IRS will eventually find out if you keep doing it.

Hey all.I have my eyes set on Atlanta (and eventually a few other areas in GA) to invest in.

The seller sets the price higher than market price and between the down payment and any monthly principle payments the price eventually gets down to market price by the time the tenant could potentially buy the house.

Based on national averages, the home should rent for $1,500 or more.If you don't keep up with market rates you will attract lower-quality renters, you won't have money to make major repairs, and you'll eventually get behind on maintaining the property, which means it will appreciate slower, attract worse renters, rent for lower rates, etc.

So we will eventually sell and part ways with Colorado (where we live now).I've scoured the following markets: Reno, NV, Salt Lake City, the Oregon coast, Bend, OR, Sacramento, CA, Lake Tahoe (CA/NV) and touched on most places in between.

Although some people eventually put their house hack into an LLC or trust.

Eventually I decided to bite the bullet.

Good luck.When you eventually become a landlord, look for our FB group Philadelphia Landlords Connect :-)

Painting with Kiltz or Zinsser BIN will seal the smell, stain and chemicals for a while, but they may eventually come back.  

If not, prepare for devoting tons of time to it in the beginning but eventually you can get some great tenants and have all your maintenance/systems in place, you will be ok!