House hacking is the BEST way to get into real estate investing and that's how I personally got started as well too.

I have made up my mind that I want to be in the real estate game. 

Quote from @Robert Smith: I am interested in possibly doing so.

I'll add on to what the other Ben said and mention that there are exceptions based on the # of days that you rent out your home to where the income/expenses are excludable (being lesser of 14 days or 10% of total usage if under 140 personal use days).

When they do, you can refinance to a lower rate.Dealing with current high interest rates (about 7% on 01/27/2025) you have the following choices:A larger down paymentAccept a negative cash flowBuy down the interest rateCombine and balance all three to get an acceptable cash flow today.

The best thing you can do is plan that the first year will be on the lean side.

This is a very popular incentive in the city of columbus where tax abatements can lower taxes by 3k a year. on income of 60k for a traditional triplex that we build that would be lowering operating expenses by 10% if you assume approx 40%. it makes a big difference but I was wondering if anyone has actually seen the benenfits over time from holding these properties or investing in similar areas in urban core adjacent through renovations or new construction. there are benefits to selling them obviously but please comment if this applies to you!! 

I have over 50 doors in Edmonton.

With a 203k Renovation loan, you can also finance in your payments if you are doing a major rehab. 

If you were me and just needed to get started and get my feet wet, what would you do? I