FHA 203(k) loans are a great way to get into a property, add value, and set yourself up for strong equity when you eventually rent it out.Biggest things to watch out for:1.Contractors & Timeline – The loan requires HUD-approved contractors, and the rehab process can take longer than expected.

We sell the property and each side get their money returned off the top then we split the profits 50/50.

if you're beginning conversations with agents, and they don't recommend that you sign this agreement before the close on a property, is that a good thing or a bad thing? 

So, I'd look to the other properties and ask whether the ones on the street also had only street parking versus access to a driveway.

Are you planning to acquire more investment properties? 

With the right wording, we can highlight your property’s unique features, create a welcoming atmosphere, and make it stand out in a crowded market.

I dont see how the risk would be reduced on second mortgage unless you are planning to hold the property in some type of llc.

Quote from @Lawrence Mitchell: Yes I am@Lawrence Mitchell What type of property are you looking to house hack in, SF or 2-4 MF?

You could arrange to have your cleaners accept the deliveries at the property or hire a local handyman to do same and even assemble furniture.

With SFH you have to deal with exterior items to a property and more systems compared to a condo which you just have your shell, but you have to deal with an association.