This approach allows you to reduce living costs while recycling capital for future investments.Good luck!

So for example I'm very conservative and don't want any debt on them because I feel this hardens them in case of a severe recession.

It's hard to find a cash flowing rental in this area, but paying all cash certainly helps!

Have helped multiple clients maximize their house hacking properties this year as well. 

In short, this would be an entirely appreciation-based investment.Given the state of the economy today, with high interest rates and the seller-buyer lock out effect, I want to discuss the pros and cons of this investment at length, specifically in the context of all the other properties / neighborhoods that I have been evaluating. 

If you're talking about building an interior wall to create a bedroom, this could work so long as you aren't significantly reducing living space compared to the competitive rentals. 3 bedrooms with a tiny living area could cause problems.

With one deal under your belt, financing may also be easier this time.

I'll find the podcast and post it on this thread when I find it.

We tried, but you’re on your own with this Mr.

This is both a legal and tax question.