A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.1245 property aka anything that can be accelerated such as 5, 7, or 15 year property like carpets, cabinets, or other site improvements.

I need some real life advice, I want to house hack but I want to build a duplex.

How would it differ from a general life coach?

Give yourself 10 years with that 200k and you’ll be set for life with real estate cash flow.

Or you will be screwed for life. 

I don't think you will find it, but if you do, it'll cost ya.It sounds like an amazing house hack if you can move your life around to make it your primary (and the financing will get MUCH easier).

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

However, if it is an STR, the depreciable life would be 39 years.

I’ll try to keep this as short as possible but I am at a cross road in life here and can’t seem to find the guidance I need.