I have a house rental in California.  

I did one house I may end up taking a small loss on, we'll see.

Hello everyone,I just closed on a house and am exploring the possibility of turning it into a mid-term rental.

I did a search on the forums and insurance seems like it could be a major problem.I have houses in two different LLC’s in Texas and insurance is not an issue at all.

Start working towards a 5% down payment so you can house hack a MFH.

The taxes here are high, but the price to rent ratio is exceptional and there is a huge demand for quality housing in certain neighborhoods.   

Thanks everyone.Annual T4 income: 250K380K in liquid investments.Principle property est. valued at 670K with 250k left owing and 155K heloc attached.Rental 1: purchased 2021 for 220K current est. value at 270K was a house hack with 5% down and $1600 monthly rental income.Rental 2: purchased 2022 for 280K 20% down current est. value 345K rental is $2000 monthly Rental 3: purchased 2023 for 267K with 20% current est value 310K rents for 2100 a month.

I'm considering partnering with a non-profit that would manage the sober-living program; with me just providing the house passively for rent on a per bed basis. 

As Vince said it is a quick guideline and won't work in most places with current interest rates and house prices. 

.: Hi There, I am calculating the cash on cash return of my house.