Dont waste but redeem the time.

This effectively books the longer stays first and then fills in the vacancy gaps with shorter stays. 

At the end of seven years, the interest and principal is paid back and I have effectively manufactured $60,000+ in cash. 

There are often cost effective solutions (ie a few thousand dollars) vs 10s of thousands when you consult the correct advisors.

So we think flood insurance on this one is a wasted expense each year, and can go away when we are no longer tied to bank financing.Screening and vetting: As with every property, vetting good tenants is essential to success.

if you do not find one, let me know I can send you an attorney we use to create them. probably not going to be the most cost effective, but will get it done. 

feed back from buyers is a waste of time.. 

House hacking is definitely the simplest and most cost effective way to get into the market if that works for your situation.

The metric to measure whether it works or not is the CONVERSION RATE, not whether or not a deal was made.If your conversion rate is 0.03% (like it usually is for DMM), spending more money to get more mailers out does NOT change the effectiveness of that strategy.

These always result in lost money, wasted time, and broken friendships. 6.