Please keep pushing and sharing your progress. we are enjoying seeing your success in addition to learning how to pursue and analyze deals in different market sectors before blindly buying and learning the hard way.

We are experienced and have never involved anyone in our projects and have never used a loan outside of a conventional mortgage.

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I was in a similar position a few years ago, but fortunately got married and our combined incomes helped us qualify for a larger house hack.We're on our second one in NOVA, Alexandria to be exact, and instead of rent by the room, we are renting out our walkout basement on Airbnb to monthly guests.That said, we have a number of friends doing well with rent by the room across NOVA, though they're purchasing homes with 5+ rooms or finding homes that can be renovated to include that setup.I'd recommend attending meetups such as the one I cohost, NOVA REI or Cashflow Breakfast Club or any of the others to meet those who are house hacking.

We are looking at a property with a house on it plus 10 acres.

Well, here we are again. 

It is when people put the self placed “roadblocks” in front of them and are too scared to dip their toes in.This is something that has been really resonating with me after going to a few 2 and 3 day events from a couple of the local guys in our market recently.It isn’t necessarily the actual tactical real estate that is the hard part, but the bigger challenge is actually believing that we are capable of doing it and taking action towards that.

For context - after 7 years we are averaging over $700/door… but this is after many financial moves to get us there… but even starting out, the  $300/door was, and remains a good goal post to judge a deal by. 

We are splitting up capital contributions at 50%, but see having different involvements in the repair process.

WE are all cash other than I have some smaller unsecured LOC's that I rarely use they total less than a million..