For a tenant to receive a reduction, the landlord must have actual or constructive notice of the existence of the defective condition."

And since most people have mortgages, and the sale is "subject to" existing liens you need to be very cautious. 

A house has come up for sale next door to one of their existing houses, and due to the convenience that would provide from an operational standpoint, they want to open up shop there.  

The first few times were far enough apart from each other that we searched for other simple reasons it would not work only to be told we have to re-setup the existing tenant in payments. 

The cash you get coming out isn't income, it's a loan, so you have very favorable (non-existent) tax issues. 

Is building a new property for a house hack potentially a good idea if our goal is to continue to scale/grow our capital or should we just stick to looking at existing properties that need work and pull our money out post-renovation? 

Subject-to deal: Cash required: $35k + 295k existing mortgage + 5k in misc = $335k for a 350k 2021 house.Pros202135k needed3% int. rateGood schoolsGood location CONS$145/m in HOACashflow is tightMortgage InfoLast Recording Date 10/6/2021Loan Type CONVENTIONALOriginal Loan Amount $319,105Loan Term 361 MonthsEst.

If you move out of your 1st home today while buying a 2nd home, you would need to qualify for that 2nd home with your existing income and no income from your exiting property as we cannot count STR income until it hits your returns. 

Thank youCREATING a note from the sale of rental property can be beneficial IF either of these two possibilities exist(1) you are able to obtain a significantly higher price on sale of the property by offering a seller financed note WITHOUT an undo increase in default risk(2) you are able to “wrap” an existing mortgage note bearing a low rate of interest with a seller financed note bearing a higher rate of interest. 

So for instance, there is an existing note and you want to do a HELOC based on their criteria 75% LTV and you get it but because there is already an existing 1st mortgage (lien), the HELOC would be 2nd?