and if you don't have enough money to house hack in San Diego... save up until you do.and if you want to move somewhere else, house hack there. 

Some hard money lenders lend at pretty high LTVs, leaving little equity buffer to protect your principal.

Quote from @Greg Grisez: Quote from @James Wise: Ya know, I'm surprised nobody has brought up the obvious to you here.

If you don't want to separately meter for gas (which would be expensive but you would recoup the cost many times on a long hold), you are going to constantly be feeding this alligator of tenants wasting your money with liberal use of heat. 

In fact many homes with too high of an occupancy are leaving money on the table.  

From working with an S8 specific contractor the sentiment was that many people don't want to work on distressed properties, as they can work in nicer areas and charge more money.

All together around 80k worth of money invested.

Flipping houses is a great way to create huge profits, raise private money and create marketing content around your remodels (the reason HGTV is HGTV).

An example would be mixing your personal and LLC money in the same bank account.3.

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.