As you begin you REI journey here is a piece of advicecheck out this website for a great over view of a city https://www.areavibes.com/This website gives you a total livability score and you can see things like crime rate, housing, walking score and more.Best of luck!

At first, he was anxious about having multiple tenants under one roof, but with the right house rules spelled out up front, it turned into a solid monthly cash fow for him.

It's an STR, hotel and house hack all in one 😊

The rules and payment standards vary significantly from one area to another, so familiarizing yourself with the local housing authority's procedures is key.

The seller would use this strategy when they don't have a lot of equity in the house.

For example if you think the house is worth 200K fixed up you need to pay 100K to afford the hard money loan and rehab budget and still have a profit.

@Khyree Randall If the house needs work for $80k-$100k then it shouldn't be priced accordingly.

Even if you rent the house for $2,000 a month, you will still lose because of maintenance, vacancies, and the expensive mistakes common with newer investors.You can borrow up to 70% of the equity.

However, I see this as a vertical integration and bringing more capabilities in house to make more money instead of hiring an outsider firm. 

I’m currently in the process of searching for my first property, which I hope to house hack and eventually convert into a long-term rental.