Despite this, every analysis I’ve done shows not only negative cash flow while living in the property (which I expected) but also significant negative cash flow even after moving out and renting all the units.

Include all your evidence and any relevant details about the property.Appraisal Process: If your request is approved, it might impact future appraisals positively, as the property will be officially recognized as a 3-bedroom.Risks: While there’s generally little risk in disputing the classification, it’s important to ensure that all changes are accurately documented.

Working with a broker like me allows you to navigate these options efficiently and ensure you get the best possible deal tailored to your situation.If you're interested, feel free to reach out, and I’d be happy to discuss your project in more detail and guide you through the process.Looking forward to helping you succeed in the U.S. market!

Setting clear expectations upfront with a detailed lease agreement is a must.Consider Property Management: If managing the property starts feeling overwhelming, consider hiring a property management company, even if just for the rented units.

You won’t be surprised that many states consider that pretty penny a critical component when calculating these payments.As with any financial analysis, it’s essential to understand how to break down the numbers, especially regarding child support.

I love that you shared all of this detail about your experience.My first deal was also a house hack (I started a little later than you, I was 25).

From my experience:- Propstream has more detailed and complete information and better for finding off market deals.- Privvy is easier for seeing investor activity in the area and seeing the before/after of flips (how much they bought and sold it for) How do you find off market deals on Propstream? 

Hey Chris, good to hear from you, thank you for your detailed opinion that you brought here, you made me think about it deeply and to compare markets, I'll do some homework this week :)@Chris Grenzig

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Here's a detailed guide on how to screen applicants: Application Screening Guide