I think for the house hacking approach the first goal should be to have your tenants paying for your expenses so you're able to live there for "free" So if you'll be making enough money from rent to pay your regular bills like the mortgage, taxes, insurance, utilities, etc. and can put the excess money and your own monthly "rent" contribution aside for cap ex and other maintenance you'll be in good shape.

That may be how your lease is written but it sounds excessive, as most states that have weighed in by law on late fees cap it at 5%.

That being said, the math makes this a simple one:$3,000/ monthly income - $1,800/expenses = $1,200 net cash flow x 12 months = $14,400 divided by 2% bank CD rate = $720,000 what you'd need sitting in a 2-yr CD.Use the excess net cash flow and build up another investment pool to find your next investment property to reach your goal of 10 free & clear rentals for retirement.Awesome job by the way!

The recorded amount of the mortgage is in excess of the current value of the home.

After rinsing them and letting them dry, I used BIN primer to seal it in.

Legislation to end this abusive, excessive, and illegally applied fee was pursued in Colorado several years ago but was watered down and then killed by HOA property manager interests.

The approach so far is containment, water extraction, dehumidifiers, anti-microbials, manually removing mold, sanding all wood surfaces once dry, hepa vac, kilz coating of all surfaces, hepa vac again.Perfect storm:enclosed crawlspace, still air, hot water, spraying water leak for at least one and up to two weeks straight.  

I'm looking to purchase a business (dry cleaner / laundromat) in the city for under $2MM asap so please recommend a good business broker. 

The basement was dry and the house doesn't sit in the floor.  

It really left us high and dry come selling time since we're pretty much breaking even on sale prices + fees - mortgage balanceI'd like to avoid PMI especially since seeing now that they never go away on an FHA loan.