Depending on the area, it might not be worth adding the rehab.

All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.

Nate is routinely active in the chats answering questions and adding content.

I’m curious: are others who house hack buying homes they can just barely afford, or are you sticking closer to the ~30% housing rule and using house hacking income as an added bonus?

Renting to Section 8 Long-Term TenantPurchase Price = $237,000Renovation Cost =$8,950Appraised Value = $310,000Monthly Rental To Section 8 Tenant = $3,215Monthly Mortgage Payment = $1,890Monthly Reserve for Maintenance and CapEx = $200Monthly Cash-flow = $1,125Another investment property was closed and added to my rental portfolio.

@Michelle Hardy Just adding, check your local city too for their requirements, many have specific requirements that the state may not have.Here in VT in the towns my properties are in, there is not a requirement to keep them separate or pay interest. 

The property is in a great area and the flip was done very well adding a bedroom and modernizing everything.

I've never been to Memphis TN and I have looked at all the property using redfin, google maps, and I know I still need to fly out and drive all the neighborhoods. 

I've added a ton of sweat equity. and still am today.

You can also find real estate investing groups through meetup.com, Facebook, or a Google search.