However, when you weigh that against the reduced maintenance and energy savings, it can balance out.Longer Lease-Up Time: New construction properties might take a bit longer to lease up compared to established neighborhoods, especially if the area is still developing.5.

@Frank Patalano For me it was horrible credit, medical debt, and bills.

.- When house hacking, be sure to establish a good relationship with your tenants, but avoid "being friends".

It helps you establish one economic unit to meet material participation hours.If you are in higher income tax brackets, I suggest getting a multi-member LLC for audit protection.

When you have established the operation agreement of the LLC correctly, this will allow you to operate and be protected via the LLC while having access to great financing options.This should be a pretty easy task for an experienced attorney.

Have the tenant sign off on a move-in checklist to avoid disputes later.If your not using a property management company, you will also want to establish a plan for handling maintenance requests and emergencies.

I think it's important to start with this - is your 250k debt what you owe in principal on the mortgage on your home or is this separate debt (credit cards, cars, medical, student, etc)?

An Architect can look out for your best interest in the project plus can bring all the Engineers necessary for the build (Civil, Structural, MEP, Sprinkler/Fire suppression, etc.)As far as the build itself, if it's in an established city or town on a tax lot, then you'll need to go through the design and permitting process, gain zoning approval if necessary, and then build up from there.

Call the cops the minute someone breaks in, then they won't have time to establish themselves.

Near Medical Center, UTSA, or somewhere else if it is a really good deal.