If it's in a shared space like a basement that's one thing but if it's in an occupied unit, that is something that may not be allowed in your jurisdiction.

The people in the WSO are pretty tough on the LPs and perhaps that is deserved but I think we need to help LPs by getting GVT to increase accredited investor standards, both $ net worth, and perhaps requiring people pass a basic financial knowledge proficiency exam, just WOW, i'm sure Ashcroft isn't the only one.....  

If the marginal cost increase in buying a house that can be house hacked (a house with a basement, a duplex, etc.) is less than the rents you expect to bring in from renting the additional space, why not do it?

DC has its own set of rules—often requiring a Basic Business License with endorsements for specific trades. 

You don't need to know everything to get started; you need a foundation to build on, and the rest will come through experience and then refining your education.You can build a basic understanding of investing in 3-6 months.

I suppose I could combine the two ideas and live in a basement while renting out a 2 bedroom home to a traveling agency. 

How do you treat capital improvement expenses related to say a seismic retrofitting of a basement that was started in  2018 but will not be completed until sometime in 2019?

Personally I will not be happy with a basic refridgerator in my rental. 

Adding Square FootageIncreasing the usable living space of a home, such as by finishing a basement, converting an attic, or adding extensions, can dramatically raise the ARV.

Next time if you’re not going to use an inspector then do a basic inspection yourself.