If your goal is cashflow, buying a highly leveraged property in the neighborhoods around Lincoln Park with 7+% interest rates is probably not realistic.What is your objective with the next property?

Real estate investment involves perseverance, hard work, and careful preparation, but with the appropriate approach and frame of mind, you may gradually accumulate money and reach your financial objectives.

"governmental" applies to agency, land trust, and housing organization, ie must be in a "governmental land trust", or just any land trust is ok...

Many investors discover that, as they gain experience and modify their tactics in response to changing market circumstances, individual objectives, and lessons discovered, their original strategy often takes on new forms over time.Preventing Obstacles: Although beginning with little to no money could be difficult, it's important to be aware of potential hazards and obstacles along the route.

Be prepared to handle that objection.4.

It’s important to figure out your goals and objectives, and then that will ultimately give you a few areas that you can narrow it down to.

They may offer insightful information, support you in seeing prospects, and walk you through the buying process.Ultimately, your financial objectives, risk tolerance, and personal tastes will determine whether you want to investigate investing alternatives elsewhere or take up house hacking in San Jose.

Education is the key.Some of the professional organizations, such as the American Association of Private Lenders and the CMA, are good sources of lending attorneys, as well as offering excellent webinars and courses.

@Phil AveryConsidering your financial situation and the current market conditions, each of the options you're contemplating has its own merits.Given your inclination to begin with a significant amount of equity, option 1 may be a good fit for your objectives.

Anyone thinking about home hacking will benefit greatly from your expertise on managing HOAs and how they affect various rental schemes.Ultimately, developing a plan that complements your lifestyle choices and financial objectives is the key to effective home hacking.