Thanks for the info, yea it's a pretty common theme in the podcast and such world.

Much slower than utilizing a HELOC, but I’m not trying to build an empire and just have a passive income source that eventually allows me to spend my time where I find meaningful.

Here's are some other common terms for House Hacking -> Room Sharing, Owner-Occupied Rental.

Hello real estate arbitragers,How do you typically handle utilities in arbitrage deals?

Nonpayment is BY FAR the most common reason to oust a tenant and a lease should not impact your ability to evict for that reason. 5.

Eventually I want to have a go to foundation contractor as well given the fact foundation repair is so common in our area as homes age.

I used to go medium oak on the theory that if it looks like the most common hardwood floor color, it will get less scrutiny than some picture of exotic hardwood. +1 on Ben Moore Navajo White!

Software is a common question on BiggerPockets.

Then tell the tenant they need to work out a payment plan with the utilities so that the water can remain on. 

That's why for deals like this, you will see people utilize bridge loans where they will lend up to 75% LTV and fund capex potentially because the property has problems and they are looking more at the future value and operations.