I had a client who actually decided to pursue converting the house to a boarding house to avoid any problems in the future.

I could have gotten to profitability in a fraction of the time without those unnecessary expenses. 

If a home is titled in a trust (or an LLC), the trust or LLC should be added as an additional insured to avoid potential disputes during a claim.To confirm, we reached out to an insurance carrier, who clarified:“A carrier can potentially deny a claim if the home is titled in a trust or LLC but the insurance policy is under the individual homeowner's name.

They take decent care of the property, but I would get texts all the time telling me to fix many things (some valid, some completely unnecessary) and would get upset if I ever denied any of the requests.

I personally would avoid over investing in this unit.

Since you're using an FHA 203k loan and house hacking, focus on managing renovations efficiently to avoid delays and unexpected costs.

You will start with the larger pieces and fill in with accessories, wall art, rugs, and decor.Because I own cabins in a mountain environment, I try to avoid the new case goods.

You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.

In fact, you insisted that house was turnkey and that your "preferred" management company was suggesting unnecessary repairs (I did walk the house in person and they were 100% necessary).And yes, you did walk the property on a video chat with me, but what I found working with you is that I have to ask A LOT of questions because you are not forthcoming.

I was very relieved when I saw how much I avoided paying just for those two things.