Also, institutional lenders are going to want to "source" the down payment funds and they typically won't allow borrowed funds.

hello Nicholas thank you for taking the time to read my little blog and responding, I am not quite sure what house hack is would you be able to describe it more to me and any sources I could use to look more into that ?

I sourced, put together, and ran the deal.

A very good source of local analysis is rereport.com

If you borrowed the $600 from your shady source then sold your old property and got a new loan to pay them back.

However, you can divide the cost of the property and expense it overtime as DEPRECIATION.When it comes to taxes, DEPRECIATION is a great source of savings.

Deal was sourced through New Western and sold at a first come first serve basis.

@Raj KandragulaRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Fines can be pretty high.Recommend you discuss with some sources to see how likely it is you face a violation ticket.The good news is that without an SSN, they are probably worried about anything that would involve the government.Of course, they could also steal everything from the property, trash it and disappear and you'd have no legal recourse.

Figure out ways to source off-market deals that are closer to meeting the criteria you are looking for (The higher your standards, the more difficult it will be, but that's the point of good deals).