Remember, ignorance is NOT a defense in MN on real estate and housing law's, so it's VERY important to actually know them, not just what someone else says they are.  

They work well for the houses we work in 100-500k.

When we were getting our own kitchen remodeled in our house a few months ago, we asked the contractor if he would be able to possibly fix that cupboard door at our rental property.

My plan is to start house hacking.

Purchase price: $110,000 Cash invested: $45,000 Recently purchased my first house to use as a primary residence, currently I am renovating the kitchen and adding a full bathroom to the first floor.

@Tanner KingWhen I analyze a house hack deal, I focus on metrics like GRM, Cap Rate, Cash Flow, House Hack Savings, and Future Rent Potential.

Because of the frustration, when asked to purchase the large lot in front of their house which leads to the main road, they turned it down.

So if you buy a 5 bedroom house and rent the spare 4 bedrooms = you can still sell tax-free under the 121 (you just pay back depreciation) If you buy a duplex and rent 1/2 and live in 1/2.

Quote from @Vid Vin: Was the house really for 2000 dollars?

I am purchasing a house and it is going to be occupied by tenants that do not have a lease and are paying way below market rent.