after the property is stabilized, the rent has increased, etc. you may see cash flow. 

You don’t get involved personally.

A balanced approach, combining financing with a cash reserve for stability, maximizes tax efficiency, inflation protection, and aligns with your goal of retiring sooner.This post does not create a CPA-Client relationship.

Interesting how the best option for learning how to make a cake didn't involve spending lots of money on a cake making training course...  :-)

@Josh WillisHouse hacking involves buying a small multi-family property and renting out units to cover mortgages.

My name is Chris, looking to start getting involved in making some passive income.

The government does not want you to have any day-to-day involvement in the investment.  

I'm struggling to find a good example that doesn't involve shared laundry.  

I would not shy away him from seeing the hard parts of RE.Main point....get him involved at a high rate.

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?