The building next to yours looks much nicer and has THREE security vehicles parked in front.

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

It took three years and I lost over $200,000 on those deals alone!!

Like many new investors, I had little cash and no access to traditional lenders.

Quote from @Chris Tessmann: @Jay Hinrichs this has already been a three month long process in which I have been told the refund was approved and given three separate dates that I was to have the whole refund in hand.

My half of the monthly rent is around $1300 with utilities.

Outsourcing your admin tasks and management is the answer.

If the house hack is renting rooms within your house; tax wise likely worse because you can only depreciate the fully rental areas (bedrooms and maybe bathrooms).

I am new to this industry excited about getting started and to my make my first deal and start to build wealth for my family  Holla.

Turnovers and vacancy kill a rentals profitability.