House hacking has allowed us to follow Dave Ramsey's snow ball approach to becoming debt free with a vengeance.

Ticking me off with incessant calls, bugging the neighbors with your noise, just being a PITA?....

Please look at this example:Beautiful Mansion in PA, bedroom community for NJ and NYASKING 750000Rents: TOTAL 88,800/yr1,200, 600, 1,100, 900 for apartmentsa vacant apartment for 1,600 and a vacant commercial space on first floor for 2000, both of which were occupied by the previous owner for years, so I don't really know where they got these last two numbers. because of this, I estimated to be more like 1,200 and 1,500, which would TOTAL 78000/yr more realistically I thought.Expenses: TOTAL REPORTED BY OWNER: 30218tax 16,450insurance 4,818water/sewer 4,470gas 273lawn/snow 3,897trash 1,020I ADDED 26,640for 10% VACANCY, 10% MANAGEMENT, 10% CAPEXTOTAL OPERATIVE EXPENSES: 56,858NOI: 21,142  (31,942 if I use his 88,800 NET INCOME)CAP RATE: 2.82%MORTGAGE SERVICE: 51,588 with 20% down loan 600,000 at 6% for 20 yearsMeaning I would have to pay out of pocket 20-30K per year just to cover the loan.For the Mortgage service to match the NOI and be cash flow neutral the price would have to be 312,500 (or 468,750 using his proforma income).I can provide more examples like this, but I think the point is made...

Like rent, security deposit, lawn care, snow removal... compare this information to the actual leases and what the seller says. 

There are 4 partners plus 2 others that do maintainence and lawn & snow.

@Danielle McClelland I’m in my mid 30’s now and just getting started as well.

The guy who did snow removal for me last year doesn’t do it anymore.

But then again, here in Atlanta people don't have to walk through 4 feet of snow to go look at a house.

So far it has survived some minor floods while it sat vacant for a time (a leaking 50-gallon water heater and also some water infiltration due to a bank of snow outside atop a drain that wasn't working).For the price, I don't think it's too good for a rental if you own a nice rental, as is the case here.

It snows me.