The guy next door had broken in, changed the locks, gotten the power switched into his name and had it rented out on AirBNB. 

The simple economies of scale for joing their commercial division is unreal. the technology pages runs $266.50 because of the collaborative purchasing power of eXp Holdings, as an independent the same platforms could run easily $4-5,000 a month. 4.

Hello Malik, When trying to house hack you need to first find out what is your max borrowing power to see how much if the PITI your income can handle.

With careful planning and strategic decisions, real estate can indeed be a powerful vehicle for creating a legacy and achieving financial independence.

The goal is to make sure you have high income, good credit score and enough assests and reserves to keep moving towards the next deal and dont max out on your first deal meaning do not max out your debt to income ratio as it can affect your borrowing power to acquire the next one.

Hence, I want relatively low risk, but with a return that at the very least maintains the purchasing power of my net worth.

James Ma-#5 is one I haven't done yet but have concerns about idiot tenants who won't replace the battery on the smart lock and then say they can't get into the homeThe batteries in these last 2 or 3 years, so they could be replaced during yearly inspection. or each time a tenant moves.

Aside from the umbrella coverage, you can do everything in your power to make the property safe.

Find out how much those late payments really hurt your borrowing power (ie get actual numbers on how much you'd pay now vs once your credit score goes back up). 

.- The 23 year old who just bought the first house-hack may teach us something game-changing.The “real deal” looks very different in many contexts: THAT is the power of BiggerPockets.