And your heirs will always be grateful for the tax free legacy of wealth you left Them.Post being - Deferring tax on real estate is even more powerful than investing in a tax deferred IRA or 401K because there are several off ramps to eliminate the tax throughout your entire life - and beyond.

They also mentioned their would by extra cost on their power bill “which they are responsible for” from having to run the well pump for an hour or 2 to shock and flush the system!

😀So I speak with some actual first hand investing experience.It’s is never as good as some think and it is never as bad as some think.While some big name syndicators have crashed and burned, the truth is this only represents a small share of the market.The overwhelming number of MF properties are owned by long term owners with fixed rate debt and Billions in Equity - those people are not in trouble.I believe perhaps 10% of the MF stock is owned by syndicators.

However, house hacking is a POWERFUL strategy for getting your foot through the door.

@Mike AuerbachYep, extremely powerful tool.

@Graeme HarrisGive notice to the tenants and any unknown occupantsWe typically have an attorney handle this as it is more powerful when it comes from them in my opinion.If you do it yourself I would either send certified mail or hand deliver it to them and acknowledge receiptYour location may have specific rules on what is considered service

Will you need a generator backup if there isn't reliable power there? 

The magical power of a personal guarantee by an officer of the company is that it aligns the spending preferences of the company with those of the guarantor, which will just happen to align with your preferences.Truly an amazing power, in my opinion.

It all seems a little overwhelming and outside my skillset.I don’t want to give up just yet and think maybe I just need a boost of confidence and a push to make my first deal or acquisition happen.

Our social costs will be overwhelmed.