Some will slip through your fingers, sellers will ghost you, and contracts will fall apart at the last minute.

Sorry you went through this!

To offset costs, I’m planning to buy a duplex and pursue a house-hacking strategy:1.Rent out one unit as a long-term rental.2.Live in the other unit and rent out the bedrooms as short-term rentals (STRs) through a furnished rental approach.Before diving in, I have a couple of questions:1.Can I use a property for both short-term and long-term rentals?

I'm glad that this community is so open to sharing information, it's certainly been a blast scrolling through these forums for the past few hours!

In those cases, you have to go through the courts to get possession back.

Eliminate the red tape of going through a custodian for all transactions/investments3.

If they "sold" the house to HUD, it likely went through foreclosure, nobody bid on it, and it became an REO.

Given that the property was worth $390K in its current condition, I saw an opportunity to make the numbers work while keeping my upfront costs low.Instead of increasing my cash offer, I negotiated a $25K down payment with the seller carrying the balance for two years through owner financing.

Sourced through the MLS and negotiated heavily with the seller to get price reductions and credits at closing How did you finance this deal?

Once you have a short list, get an account with each one and run them through the wringer to see how they really function.