@Orane JacobsHouse hacking is a strategy that can reduce living expenses and generate rental income, potentially enabling investment in more properties.

You can do first-time home buyer programs that will reduce the amount of money down, or you can take some money out of that property your dad left you to make the numbers for an investment work for you.

Regarding the mortgage terms, you could either get a flexible loan (not very common) or a 5 year fixed mortgage to reduce the penalty (Vorfälligkeitsentschädigung) when selling the property before the loan ends.

Another strategy we might also implement would be house hacking that next house, to reduce how much cash flow we would need.Thanks!

For every $1,000 above the minimum that the tenant decides to initially “put down”/pay toward the Option Payment, reduce the monthly rent by $50 and increase the monthly rent credit by $50-$100.

In theory this would hopefully reduce my monthly rent costs and my payments would go to the new 2nd property to build equity.

So, I make more money by reducing vacancy/turnover and having fewer tenant issues more than by collecting additional income from the pets. 

This prevents them from reducing rent, signing new 5-year leases on tenants you didn't want to keep, or other shenanigans.4.

This approach helps ensure that buyers have a clear understanding of what they are purchasing, reducing the likelihood of surprises and issues later in the process.Of course, this is market location and cycle dependant.

Your gain will be Sales price less sales expenses(Commissions, closing costs) less Adjusted basis.Your Adjusted basis will be Purchase Price plus Improvements less accumulated depreciation.Depending on how you categorized the improvements / furnishings will determine how you will calculate your gain.If you already took depreciation / expenses for the furnishings, you can't also count it towards basis to reduce your gain.Best of luck.