Living in one unit and renting out the others allows you to deduct 75% of expenses like mortgage interest, property taxes, insurance, and shared repairs as rental expenses, while the remaining 25% applies to personal use.

Hi everyone, just wondering what your experiences are on receiving 1099k form from using a property management software to receive online rent payment.

Drop your experiences below!

Start local and small, then grow from there with experience.

Thanks for this effort to share how to save a bunch on interest paid. 

Maybe they bring the experience and provide the funds.I don't like any of your options based on I think you are too new to investing in real estate to take on any of those.

I share more on splurging/saving for max ROI on my Bigger Pockets Episode (933:https://www.biggerpockets.com/blog/real-estate-933), if you haven't listened to it already.

I can run some numbers and share some options on the financing side if you like.

Thanks Sarah, I don’t see much house hacking going on in Essex or Dundalk in terms of listings on Zillow or FB so my concern would be finding professional adult roommates that want to house share in that area. i’ve been following a lot of the midterm rental groups in Facebook and the consensus is that contracts have decreased significantly and hospitals are using more local labor pools.

Follow up outside the activities to ask for business and see how you can serve them as well in their business.Best wishes and good luck.Bruce this is great advice thank you for sharing.