In my firm, you would probably pay around $3,500 for this tax preparation, including Form 3115.

I recently completed one on a multifamily property and found it to be a cost-effective approach.That said, there are a couple of additional factors to consider beyond the code differences between a garage conversion and new construction:Coastal Overlay Zones – If your property is in a coastal overlay, building a ground-up ADU may require Coastal Commission review, which can add time and complexity to the process.

The Skeeters have been in real estate for over 40 years.

I am looking forward to meeting people from different aspects of the Real Estate Investing world.

A real estate company told me the house needs too much work to rent out, and that an auction is the best course of action.

I was okay with consistent cash flow without much appreciation especially when considering a portfolio of property as opposed to buying one unit at a time.

I have been in real estate full time since 2012, started investing in Sober Living homes in 2019 and we now have 62 of them across 14 different states.

I immediately got home and created a laminated note about the unique local bakery, which bakes the best croissant I have ever tasted, including the croissant I had in Paris, just around the corner of the Airbnb listing.

Since generally the benefit of a house hack is to hold the primary residence loan as long as possible, if you hold it long-term, you could still be forced to pay the mortgage insurance 10+ years down the line.Plus, you can only have one FHA loan (with some exceptions) at a time, so I'd rather use this house hack for 5% down which I can repeat and save FHA for another time. 

@Quan Pham have you investigated at all the potential increases in property taxes and home insurance (need to have landlord policy) and included them in your cashflow calcluations?