We have told my ex-wife that we are willing to let her stay in the house for a time but she needs to pay rent.

Still lots of work to do on the house and the “book” I still have to figure out what to do for it (paper/digital/both), and a few more things I probably am not yet aware of … reading on this forum and asking questions sure has helped out a lot.

I found the house on Zillow and ended up going through an agent.

Quote from @Khon Kounbandith: The house was in good condition. 

House hacking is a fantastic way to start, but preparation is key.

Quote from @Kash Tacke: Hi,I have two single family houses in Detroit currently rented out. 

Knowing the average bP buy and hold investor this type of information would be for advanced investors that deal in the back end of real estate not the front end like most who just want to buy a house for under market rehab refi rent or flip. 

I also work with atheletes to find housing since I am a retired athlete myself. 

(Previous rent was $1,300 but we're about to put in a brand new kitchen from the studs, new flooring throughout the house, new furance, adding A/C, etc).So do we just pay for it all upfront and mostly drain all of our savings, or do I let the rent pay for it and utilize our other savings to get a second property this spring/summer to increase our cashflow? 

PS; I house-hacked with my brother for 2 years.