House hacking the American dream, the American dream big house, nice car, reputable job, and to blissfully retire.

My dream is to get into vacation rentals in Northern Minnesota, but my immediate goals are to purchase a primary residence and pay down my husband's loans from Chiropractic school. 

Riverfront just minutes from town , yes that area running up north on the Columbia is a water skiiers dream  

Firstly, it has been a lifelong dream of mine to be able to be able to afford a Lamborghini. 

They are worth their weight in gold I saw this happen years ago.

Just finished paying off my student loans last month (huge weight off my shoulders), and am looking for more ways to become financially stable while owning my own property.

Tuck that cash away and use it to convert the space into the single family home of your wife's dreams once you two decide the timing is right for a move.

Everyone on this thread has made very valid educated points.I don't suggest this for a newbie living paycheck to paycheck; but if your in a financial position to bear the weight of some repairs and vacancy out of pocket, this may be a great long term play.Although we don't typically invest upon speculation, an educated person could make an assumption So Ca will continue to increasing in value over a long term period.

Think a list of qualifications that applies a weight to each trait:Credit Score - XPets - XIncome - XPrevious recommendations - XLength of proposed lease - XDeposits - XTransunion gives you a go- no go decision but the above may help you grade the quality of each potential tenant while being objective.   

I felt like I had my dreams crushed when my re agent told me it was unethical to wholesale and I should stay away!