However, if you are profiting over 6 figures, the property might be too expensive to live in order to truly house hack.

At $5k/month with a 40% expense ratio, you're at a 21% cap..

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

If we rent the unit at $1,425, I have an estimated monthly cashflow of $302 (rent at $1450, cashflow is $325) I DO include vacancy, repairs, and cap exp in my Box2 Expenses.

He only wants to answer you if you pay him & his stuff is very expensive. 

At $500/mo per door you would have $175,000 cash flow in a year before operating expenses.

Now you see how expensive dining and living rooms are that could be converted. 

Be warned - getting a short term rental to market is expensive, stressful, and exhausting.

As explained above, income from the financed portion of the property in an IRA would be taxed as well, but you can deduct related expenses, including depreciation, to minimize this tax liability; that is why I recommend a discussion with a tax expert to understand what your numbers would look like.Hope this helps!  

Rehab expense?