Dodging Toy Shop RulesIf you run a shop (have a license), you’ve got rules.

To achieve this, I’m planning to scale rapidly by performing a couple of syndications to acquire a larger portfolio.I currently have a portfolio of 17 properties, but to justify labor costs and create a sustainable structure, I need to expand quickly.

Current rents:upper unit: $950, tenant pays all utilities and snow, lease expires June 2025lower unit $1000, tenant pays all utilities and snow, lease expires June 2025Landlord pays for grassThis duplex exceeds the 1% rule! 

Comparing these metrics before and after the addition helps identify if the amenity is driving more business.Increased Rates: Some amenities allow you to justify higher nightly rates.

Weirdly, you may actually be able to get better terms and/or more LTV on the refinance if there is debt on the property as lenders have rules for max cash in hand (max proceeds you get at closing) for cash-out refinances.  

@Annie AnsonUnderstanding the STR rules can be overwhelming.

The only real advantage to using an FHA loan is to offer only 3.5% down payment, which in my opinion is barely justified as an advantage. 

I’m curious: are others who house hack buying homes they can just barely afford, or are you sticking closer to the ~30% housing rule and using house hacking income as an added bonus?

Purchase price: $160,000 Cash invested: $35,000 Purchased this property as a turnkey investment at the 1% rule moving equity from another deal.

I am not able to take equity out of my condo because it is currently on the blacklist due to HOA fixing the roofing and a Fannie Mae rule stating, if more then 50% of the condos in that community are owned by investors, I may not be able to refi.