Purchase price: $350,000 Cash invested: $10,000 House hacking my first home by converting the master bed into an independent studio that we rent on Airbnb What made you interested in investing in this type of deal?

The tenant was paying rent to the previous owner but hasn't been paying rent for a while since the property was foreclosed and sold to the bank.

hi. try radiators on the bottom walls in every room except the kitchen. try increasing the rents. try talking to the clients about the heat situation. try removing the heated baseboards. do something before something happens to you!

You'd want either an LLC in the state where the real estate is located or you can also just put it in your name and take out a good landlord's policy from Farmers, Erie, etc. which will protect your investment just fine. 

I rent to one couple or small family for the full rental period - no less than 2 months and no more than 3 months.

Do you plan on renting out your current house or house hacking it? 

If you pay $300,000 for a property and it rents for $3,000, that is 1%.

You want to be close to RTP (our economic hub) and the airport (located right by RTP).

I think this actually happens all over the world, but some landlords will increase their rent to the amount that the US government is willing to spend on rent in that location.

@Jason Lopez You don’t need an LLC to rent out a house in San Antonio, TX, but it can provide liability protection by separating your personal assets from your rental property.