House was listed $142K.

If in 20 years the house you purchased is worth 2-3X what you paid for it, and has been paying you cash flow per month that is equivalent (or better) than what the principal would generate for you, are you even going to care that you had a bigger tax bill one year 2 decades ago?

My clients who invest in Section 8 housing do so in 'not quite' transitioned communities but that have low crime rates.

I myself have been trying to find a property in that area to house hack since I moved here for a job.Is there no provision in the lease agreement for land renewal?

I love the idea of flipping houses and I love finding good deals.

To answer your question condos are better if they allow it but if you want to hop right in it with less risk I would go for a house or multi family deal.

Once you are on site you can decide if your $20K should be used as a downpayment on a double to house hack (to stop renting), a single to just stop renting, or a single to lease out.

I am looking at New Haven as well for BRRRR/house hacking.

My wife and I have owned a single family rental house in Indianapolis for 1 year and are trying to decide between an LLC versus a personal umbrella policy.

@Erin Colbert You would need to be living somewhere, and you would need to sign the deed restriction.You can live on the couch and rent out all the rooms in all the ADUs and JADUs you wanted - as long as you sign the Deed Restriction for owner occupancy, as well as that would go along with the sale, so you could not sell to investor just renting out the house