When rehab is done and the project is market-ready, you can either sell it or hold/refinance with long-term DSCR financing based on the market rental income on the post-rehab condition.

@Matthew NewsomHouse hacking is a viable strategy for generating cash flow in 2024, but success depends on market conditions, financing terms, property type, and rental demand.

Document the condition thoroughly for future reference and estimates.If the property is of interest, it’s crucial to have professionals assess potential structural damage, electrical issues, or mold remediation costs.

Under MD law they would be responsible for the costs of those improvements and would be responsible for restoring it to the original condition at the end of their lease.

Let's make the most of the current market conditions and build a prosperous future together.Looking forward to connecting with you all!

These types of offers can sometimes offend a seller if they actually have a really good idea of what their property is worth in as-is condition.

You can buy a large upper/lower with two identical units in decent condition for about 350-450k.

Won't apply for everyone, but for those that are military and looking to turn your primary residence into a rental when you leave, you can keep the 4% assessment under certain conditions (remain on active duty and I believe it's limited to 1 property unless you advertise it for sale within 30 days of a purchase of a new house).  

How do current market conditions influence your decision to flip or hold?

These properties are typically bought by individuals or families who prioritize location, size, and condition, making the comparable sales method more reliable.Income potential still matters, and calculating the NOI can help you ensure the property cash flows well if you plan to rent it out.