Would love to hear from working professionals who pulled off a house-hack in their spare time - what did you learn?

Check the county clerk's office to find lists of properties with NOD's.You can drive for dollars in your spare time, to find some off-market gems. 

They should merely be providing you their best options available for your needs and not attempting to influence your decision making.If your goal is to expand your portfolio, as good as having that additional cash flow sounds, it completely counteracts the option to grow as it will significantly impact the cash you have on hand for future down payments.A HELOC or home equity loan is a cool arrow to have in your quiver, but with rates on those products being higher than almost any conventional loan at this point, I would use it sparingly.

I would raise the late fee to compensate for your time, unless it is a headache and you dont have any extra to spare.

If it appraises for $155k and I have to cough up $28k to get to $182k, I want to walk because I won't have enough spare cash to do the repairs.

.- Be able to pass a regular background check to make sure you are not on the run from Police or running a crack operation in your spare time.- If you are fixing then you will need a scope of work.That's it!.

My backup plan is hiring a local super that handles this for several properties on the block in his spare time.

Get a non-wifi enabled door lock and just program 1 spare code just in case someone needs to be let in.

If it is, and I'm sure of it- I'll know you weren't able to raise funds from friends and I'm going to ask for a disproportionally high cut to make up for the risk I'm absorbing by throwing cash at someone I don't know and who doesn't have a track record.Everyone has a friend or family member with a couple spare bucks and an appetite for opportunity.

If you've done a deal and can spare a few minutes via phone, email or coffee to do a sanity check with me.