If calling a plumber to fix a real leak is going to kill your reserves, this is a bad deal on a property and bad cash flow.The first thing to learn as a landlord is that everything is your responsibility to cure.

If you have a lake house, why would they restrict the guests from using the lake?

This looks like my Uncle Bob's house. 

Purchase price: $580,000 Cash invested: $30,000 House Hack #1

House have good layout, good area, great schools, price point was fair for that area.

You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed. 

After 20 years as an investor, broker, and lender, I can tell you that house hacking is one of the smartest ways to start.

Id appreciate any help, as ex. if i take out say 100k home equity loan and use 50k each as down payments/cloing costs my understanding is i cant deduct the interest?However, if i would take 100k home equity on a renta...

IE  someone sold there house in Minneapolis to move to LA but the house they are in contract to buy just got destroyed ?

I live in a new 4,000sq.ft. home and have had a mouse in my house.