I am not currently house hacking, but this allows me to rent the home for a profit when we move out in 6 months, which would be impossible if I took out a new loan to purchase.I have blog post on this topic if anyone wants a little more of a deep dive into the powerful strategy of combining these two methods!

Do you have anyone you use for repairs, this will be a consideration done the road.Second, you will want to factor in reserves for the unexpected. 

Such a powerful tool when used right.

In addition to what has been said, a Solo401k is super powerful.

I'm in a different market and have a gas power boiler for baseboard heating. 

You could monitor the power usage for the two units using this device then pass through the correct billing. https://www.amazon.com/gp/prod... 

Cash out refinance puts the cash into your hands and money is power and it can be kept in a savings or another interest earning account to offset the mortgage rate.

Dealing with unexpected issues like this can be stressful and disappointing… However I do not feel you did yourself or the property honor by allowing this information to scare you into feeling the property was worthless, or that as you relayed the mold could “ruin a foundation”… (foundations are ruined by much more signifiant factors and not that of mold) I feel you were intimidated here, my friend.

One way to try to minimize this is to eventually ladder your capital into several deals so that when payoffs come, sometimes unexpectedly, not all your capital is idle.

Now, I'm excited to turn this passion into a career, and any insights you can offer would be invaluable.I believe in the power of connection and collaboration, which is why I'd love to network and connect with others in the industry.