What we learned: We got lucky that we gained a lot of extra equity soon after we bought the house, which makes these repairs palatable. 

Can you share more insights on this?

Thanks Jed for the insight.

We sold a $330k rental property with almost no base so we need to do an 1031 exchange of roughly $300k to offset capital gain.

Thank you for you knowledge and insight.

You can get more insights from other brokers that way you have more open spaces and still hold on to the power. 

Any insight would be greatly appreciated. 

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Thank you for this post and all the great advices and insightful comments.I’ve only done a few flips since I focus more on BRRRRs and value-add for my rental portfolio.

The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊 Thanks for the response and insight Anthony.