There is a property for sale that has solar panels and I’m trying to analyze at what price point would this or another property be worth house hacking?

Even a DSCR of 1.05 is effectively de-capitalizing your business because you do not have enough funding to cover basic repairs and maintenance.  

You could start with the high value 5 borough properties and move out to Jersey/Delaware with the lower 6 fig houses. 

Many states were still open for evictions, but courthouses were closed and were not accepting new eviction filings due to Covid, which I see as a de facto ban of evictions.Live where you want and invest where it makes sense!

$3250 does seem about 2x what a SFH 3/1 is going to get in Midland: https://odessa.craigslist.org/apa/d/midland-casa-nueva-de-3-recamaras/7135360959.htmlSFH generally don't have owner expenses for any utilities, which is nice.If Midland is a hot rental market then your vacancy should be low. 

It's not true if the house is still a construction zone in any way.The answer to your question is VERY different if you've had the property in service already, pulled it out of service temporarily to do upgrades and then put it back into service.In that case, you'd have issues surrounding De Minimums Safe Harbor, where you have a lot more leniency in what you can write off right away vs what must be depreciated.

@Edith Alvarado de CortezWhile I don’t know California, you want to keep your short term investments, or flips, separate from your long term investments, ie rentals.

I heard many people say Delaware, Wyoming and the State where I will be investing in RE in.

You then could have a blend of these where you could make two separate LLC's in each state, but then also nest them under a holding company in another state, such as Nevada or Delaware, for example.

Originally posted by @Elisa De los Reyes:My tenants broke the vinyl frame of the sliding glass window.