STRs are something I would definitely be interested in as well, although looking up north, especially in Marin and Sonoma, they seem to be cracking down on STRs.

I actually find it interesting to study other people and see how they think, what they value, and why.As a syndicator myself I would rather do 10 great deals a year than 17 and have 4 be duds, 9 okay, and 4 huge winners.

Over the span of 5 years you will have paid $77,220 towards rent.However, you’re $22,500 downpayment invested into the S&P index fund at our assumed rate of 10.13% compounded annually will be worth $36,236.48Leaving you a net living cost of $36,236.48 – $77,200 = ($40,963.52)Overall numbers after 5 years of house hacking:Expenses include: Principal, Interest, Taxes, Insurance, Repairs/Maintenance, and Private Mortgage Insurance.You will have paid $164,239.76 towards your principal and interestYou will have paid an estimated $20,914 in property taxes and insuranceYou will have paid $5,400 in private mortgage insuranceYou will have paid an estimated $10,859 towards repairs and maintenanceFor a total expense of: $164,239.76 + $20,914 + $5,400 + $10,859 = $201,412.76However, here are the positives to your net worth: Appreciation, Loan Paydown, Rent payments from TenantsYou’re home will have appreciated to an estimated value of 560,7812 an increase of $110,782You will have paid down your loan by $26,742Your tenants will have paid $154,439 in total rentThe total benefits add up to: $110,781.87 + $26,742 + $154,439 = $291,962.87House Hacking net worth boosters minus expenses = $291,962.87 – $201,412.76 = $90,550.11(The home equity for year five is calculated using the downpayment + appreciation + loan paydown)House Hacking Vs RentingHouse Hacking net worth after 5 years: $90,550.11Renting net worth after 5 years: ($40,963.52)Leaving you a net worth benefit of $90,550.11 – ($40,963.52) = $131,513.63Here is a screenshot from our calculator on the difference in monthly payments between Renting vs House HackingThe winner is clear.

We have a winner. 

I used 3/4” marine plywood running from stud to stud.

🌟Let's dive into the Billy saga: I've rocked it with the US Marine Corps, spearheaded projects with NextEra Integrated (a top commercial solar company) as a site manager, and even had a stint as a warehouse manager for a top material storehouse in NJ.

I am in DC by the way :)   July Ruaty, another big winner here will be Uber, and you & myself again.

DSCR is going to be high right now, but if you buy a strong asset, let it marinate, rates come down in 2 years, rents go up, you could be in good shape.

NY is working towards capping permit fees at $1,000 to relieve the financial burden and encourage property owners to convert basement apartments legally.Two years ago, the city launched a pilot program to award 15 winners grant funding to support legal ADU conversions.

My family rented a property in Marin for quite some time. 1.