This "house hacking" approach lets you live in one unit while renting the others, helping cover your mortgage and build equity more affordably.

If you plan to house hack, I recommend you not to expect any cash flow.Living with friends can work, but it's important to approach it carefully.

Just a difference in opinion / approach.

If you have the time and want to take a more hands-on approach, I’d recommend looking into the BRRRR strategy or flipping properties.

I expect that I'll be reserving time in various resorts and farming those weeks out to perspective vacationers, does anyone know if VRBO, or AirBnB, or some other site would be most appropriate for this approach?

Figure that out and approach your partner with the goal of education and discussion rather than argument.

I wanted to approach a brrrr method simply because of my profession.

Hi Jhamari – Setting up ownership through an LLC could be one of the approach, though there are more variables to consider it.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Second, as you can see on this thread, some of our colleagues take a rather cowboy approach, and I disagree with their position.