Make sure to factor in possible rate hikes when calculating your future expenses.Regarding your offer and projected numbersOffer Price Offering $525K on a property listed at $619K is a significant reduction.

So while there should be a percentage of equitable contribution, sweat equity also plays a factor.  

You can be an agent absolutely anywhere so that shouldn't factor into your decision.

Additionally, I’ve deepened my understanding of real estate terminology and gained valuable insights into the critical aspects of properties, from structural components to factors to look out for. 

I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.

Real estate investments can be great so hopefully you can apply what you've learned here so that if you decide to try it again you'll get a better outcome.I think what may have went wrong here is you invested in real estate at the wrong time, and with the wrong operator (syndicator), and perhaps didn't have the expertise to sort either of those two factors out.  

Every book and podcast has been checked off.I am finally ready to dive into it, slowly…I belive I am a buy and hold kinda girl and house hacking is where I will begin.I’ve went backwards than most I am 45 but now my kids are grown therefore house hacking is do-able.Honestly I could house hack forever, but I have a boyfriend of 10 years.Eventually it will be time to make a move together….Thoughts on my ideas please and thank you SO much!

Hi Chris, This would come down to what your blended rate is factoring both your HELOC and 1st Mortgage rate

I would recommend look at property taxes and insurance costs and factor those into your projected monthly payments.

Have you factored in tax savings on this?