I would be more concerned about the Insurance.

A large home for seniors who need minimal/no health supports with shared kitchens and bathrooms.

Please reach out directly with any concerns or situations so we can be made aware and see how we can offer assistance.

@David ChanceYour concern about tax ramifications is impossible to address without knowing your numbers and your specific situation.

While I know I can start a business making around $7k a month, my immediate goal is to house hack, and my concern is about qualifying for an FHA loan.Any insights you have on this would be greatly appreciated!

Hi AllI'm on my neighborhood association's problem properties community and we are tracking a large property in Kansas City, owned and managed by an out-of-state investor, who is delinquent on taxes and has multiple housing and health code violations.

Even with a well-maintained home, routine issues can pop up unexpectedly, and it might be challenging to coordinate repairs or address tenant concerns from a distance, especially if there's a significant time difference.While the 7% to 10% fee for a property manager can seem like an unnecessary expense, it can provide peace of mind, especially if you won't be readily available.

If you are concerned about cash flow right now, the longer your mortgage, the lower your mortgage payments will be. 

Thanks for reaching out if you have any questions or concerns reach out to me!

If its not being reported to the bureaus then the only thing you have to concern yourself with is (As Jay points out) any potential deficiency you may be on the hook for. the actual physical processing of a DIL is very similar to a foreclosure in that there is title work, recording of documents, etc.