Quote from @Lucas Thomas: Quote from @Nick Bradshaw: Hi, I'm new to the real estate investing world and I wanted to give it a test run with house hacking.

Even in Philly we have struggling markets and booming markets not even miles apart...Since you mentioned TX here is the same data for TX: https://fred.stlouisfed.org/series/TXSTHPIAll of this being said.

The fist one for $ 5,000 to "test the waters".  

This includes a 4.2% increase in rent costs and a 2.5% increase in homeowner's equivalent rent.New Residential Construction Data: Housing starts increased by 3.6% in May 2024, reaching a seasonally adjusted annual rate of 1.72 million units.

Let's just say the data so far has pointed to my analysis being true.https://www.axios.com/local/washington-dc/2024/01/06/nar-verdict-real-estate-comissions-washington-dc

Just a data point for you to consider. 

Tracking data (properties/units, tenants, finances, maintenance)2.

When they are gambling on a completed project, they want to know a battle tested captain is at or along side the wheel. 

Request data on default rates and how they handle defaults.Check Licensing and Regulation:Ensure the firm is properly licensed and regulated by the appropriate state or federal authorities.Confirm their compliance with all relevant lending laws and regulations.Assess Financial Stability:Review the firm’s financial statements and balance sheets.

Btw they didn’t pass the smell test and many elderly people were scammed into buying their 35,000 dollar Platinum training level.