What if the person staying at your place signed a contract but their 1st payment check bounced.

Best regards, This approach is neutral and objective, focusing strictly on the criteria, and avoids discussing any specifics about the applicant’s personal situation.

The properties in OK, which are roughly 30-40% smaller than my personal residence are only about $400-$600 cheaper than my FL insurance.

I haven’t done my first deal yet, but through hiring a local contractor to build my personal residence I had this idea that I don’t hear people talking about.

I cold call and go direct to the seller and I have a 3 person team that pretty much just calls all day long for me.

This might give a one-time (non-scalable) boost to cash flow, offer multiple value-add options, and allow the house-hacker peace of mind, via the assumed mortgage, in long-term breakeven or positive cash flow in the event that the value-add plans end up not being executed, and/or the person has to move out, and rent by the room or STR become unavailable for some reason at a future date.

I know my personal tax accountant isn't knowledgeable enough for property investment write-offs.

Yes I have owned 4 personal homes before but never an investment property.

I know i personally wont build anything with adjoining walls as the long term liability is to much risk for me.

I can also find out everything about this person's license in less than 10 minutes.