We believed that the main portion of that fee would go towards the tax strategy portion where your designated ‘tax team’ would help you create a customized ‘tax strategy plan’ to minimize your taxes moving forward, while the tax preparation for a simple portfolio like ours was thought to cost no more than $2k of the total fee.

Maximum margin growth, minimal expense growth.

But, could I minimize risk of renter defaulting on payments for the 2nd property by turning this property into a section 8 housing unit with guaranteed income from the gov't?

ChatGPT: Write rap lyrics about using a wraparound mortgage in a profitable deal.Got the seller financed, wrapped the old loan,New buyer in place, and the cash is grown,Interest spread wide, I'm collecting the flow,Passive income stream, watch my portfolio grow.Wraparound mortgage, making money stack,Flipping properties quick, never looking back,Profit in my pocket, strategy on track,Real estate mogul, and that's a fact.Analyze the numbers, every move precise,Minimize the risk, maximize the price,Equity's the goal, profit's on the rise,Wraparound mortgage, got me reaching for the skies.From the first payment made to the final note,Wraparound secured, watch the market float,Negotiation skills, deals in the bag,Success in my grasp, wave the victory flag.

Hi @Brandon Rodriguez - We just had our second daughter so had to delay some of our plans since the wife wanted to focus our finances on her first before we moved forward with investing in converting a home into an assisted living home.

This was a great location (wish I had bought more in this area) and is an efficient SF home with a small lot minimizing maintenance.

Keep in mind that the contractors will likely charge you more because it does delay the process and their time is worth money and the permits also cost money.

We chose to go with a PM, so we could focus more on new investment opportunities and minimize impact on our day job. 

As a first-time house hacker you want to maximize your revenue and minimize your living space to make the most.Also, there are 2+1 units which are 2 legal units and a 3rd boarder unit (either in the basement or the attic).

Sorry for the delayed reply!