I made a plan to save $50K so on 1/1/26 I will have $50K saved and I’ll be ready to move on to the next phase which is investing in a BRRRR via house hacking.

I live and work in the area and want to stay local in my initial phase of investing.

It's the phase where you dig deep into the property, conduct inspections, and address any uncertainties.

My interest-only monthly payment, including taxes and insurance, is $2,298.Phase 1 of the project was a gut-renovation of the existing home, which we converted to a three-bedroom, two-bath home.

What are some best practices when working through due diligence at the phase of projecting cost?  

Earlier this year, the government did not renew or pass any law to extend bonus depreciation back to 100% after 2027, so the current phase-out schedule remains in place.In the meantime, I would recommend doing some tax planning to assess where you stand in terms of projected tax liability for 2024.

People wouldn't believe how many deals are lost at what I call the "decision phase" where a lead from an offline marketing campaign goes to research you, and doesn't find good credibility online (which includes the website). 

But at a point, the debt is so high, that more doesn't phase you. 

I just started my due diligence phase, but the first thing I need to do is better understand the financial feasibility for the project, and how the return might compare to other investments we have undertaken in the past, which have been mostly acquiring existing buildings and renovating, not new construction.

What life phase are you in?