If risks feel too high, consider waiting until your live-in flip is complete and your position is stronger.This post does not create a CPA-Client relationship.

You should have a clause in your lease agreement or an addendum detailing their responsibilities along with penalties for violations.At Keyrenter North Jersey Property Management, there are a couple things we always go back to when making these decisions:- How can we provide the best value/service to clients and tenants?

I see some lenders out there would just pick the "lowest" rate and the client ends up paying more than 1% of the loan amount at their closing costs.Key point is "Lowest" rate does not mean the cheapest rate  I have worked in traditional community banking for over 7 years.

Sewer issues in Chicago are very common which is why I ALWAYS recommend / almost require my clients to get them done + if there's trees in front or in the back of a property, there will almost always be plumbing issues + needed rodding. 

We deal with this for clients often. 

I see some lenders out there would just pick the "lowest" rate and the client ends up paying more than 1% of the loan amount at their closing costs. 

I advise my bookkeeping clients the same way.

No hidden fees.3) Proactive maintenance—Getting ahead of the problem is so important to save time and money for ourselves, the clients, and the residents.

While I haven't listened to that episode, I generally advise similar clients to have a certain # of months of operating expenses in reserve to cover repairs/capex.

A two-bedroom condo for house-hacking could be a golden opprotunity to kickstart your portfolio.I’ll share a quick story about a client of mine, Tony.