Now that house has been rented out for the past two years, and I want to buy another possible duplex or triplex to house hack.

A third party company that integrates with our system.

Also, how'd you narrow down your search to these two markets? 

However, with high rates, the next mortgage would be very expensive, and a vacancy would be intensely expensive with two mortgages.

You need two years of steady income before you can qualify for a loan.

Every little thing in the project should be in writing, even down to the door stops :-) See my tile spec sheet below ...Two problems with your post though - 1) In my experience, most problems come from the customer changing their minds constantly.

While you did point out the negative aspects of a deal like this, you didn't really highlight the pros on the RE side and future investment, appreciation etc.I’ve done two of these projects in the past 3 years in SoCal.

If you are using a third-party site to conduct the background checks, sometimes they have the option to send a person, a denial letter, and due to the fair credit act it may be required to send them a notice, informing them that you checked their credit and background so that they have a receipt that it was completed.

Don't solely rely on third-party management companies; instead, focus on building a solid asset management plan and, if needed, bring in experts or partners who excel in this field.

Hi Jaycee, I did barrow from a local bank, this is my third property with them.