ChatGPT: Write rap lyrics about using a wraparound mortgage in a profitable deal.Got the seller financed, wrapped the old loan,New buyer in place, and the cash is grown,Interest spread wide, I'm collecting the flow,Passive income stream, watch my portfolio grow.Wraparound mortgage, making money stack,Flipping properties quick, never looking back,Profit in my pocket, strategy on track,Real estate mogul, and that's a fact.Analyze the numbers, every move precise,Minimize the risk, maximize the price,Equity's the goal, profit's on the rise,Wraparound mortgage, got me reaching for the skies.From the first payment made to the final note,Wraparound secured, watch the market float,Negotiation skills, deals in the bag,Success in my grasp, wave the victory flag.

This was a great location (wish I had bought more in this area) and is an efficient SF home with a small lot minimizing maintenance.

We chose to go with a PM, so we could focus more on new investment opportunities and minimize impact on our day job. 

As a first-time house hacker you want to maximize your revenue and minimize your living space to make the most.Also, there are 2+1 units which are 2 legal units and a 3rd boarder unit (either in the basement or the attic).

Yes do what you can to minimize taxes but that’s not the primary driver.

IE is it just effectively a secured parking lot that renters can come and go as they please with minimal oversight? 

My headaches have been minimal thus far.However, most important for you is to look for a base hit, not a home run.

But, could I minimize risk of renter defaulting on payments for the 2nd property by turning this property into a section 8 housing unit with guaranteed income from the gov't?

.**** At some point, future, I think I will want most all properties paid off so I can have great flow with minimal stress and maintenance numbers but kinda feel growth phase is still smartest as of now. 

Jumping in is very nerve racking and I'm trying everything I can to minimize my risk, but I guess I can only do some much planning before jumping right in