Buy a duplex, triplex, or quadplex with an FHA loan and live in one unit.

They do not take into consideration the revenue from the STR business as part of the selling price.So if comps say the duplex is worth 500k, then it is worth 500k.

We rented out the other unit (it's a duplex), and also the master bedroom in our house hack.

Sorry for the long winded back story, but end game is to put a A frame on the existing 20x40' stem wall above near where I"m standing, and put some stairs into a drop down area below for chairs/fire-pit overlooking the river canyon below (but out of view) under where the drone is flying.

Purchase price: $165,000 Cash invested: $20,000 I bought a duplex in Racine that needed a lot of cosmetic upgrades.

A great way to get started if you currently have a W2 job is to buy a house hack like a duplex or a fourplex where you can move into one of the units and continue to rent/manage the other units.

This may affect value or time required to sell.7) Adding an ADU does not make the property a duplex.

Spent a few months and about 40k rehab and was just told by the city it’s not a triplex, or even a duplex but a SFH.

A HELOC on your duplex or home offers flexible, low-interest financing ideal for BRRRR, with potential tax-deductible interest if used for property expenses.

I'd recommend house-hacking a duplex or triplex if possible to help limit your living expenses.