House hacking can cover mortgage payments, live cheaply, and build equity over time.Good luck!

Make sure you fully understand what the fees cover.

I read the HUD link in full and am fully understanding now my rights, and as I understand it if a tenant requests a door be widened, they must pay for that, a contract is in place, and it is returned back with a deposit made that is large enough to cover the full construction costs.

With the recent episode of BP covering this topic I'd figured it be a good idea to start a thread for all those curious here.

I have 3 mortgage payments and enough cash reserves to cover all expenses for 2-3  months without tapping into personal savings.

Investors are being more cautious and looking for properties that can generate strong rental income right away to help cover the higher financing costs.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

That 10% difference in LTV would cover the full $25k (and I don't charge such high origination fee either.)

I was not expecting the free version to cover so much.

Now, you have an appreciated first rental that’s hopefully generating cash flow, and a multi unit that provides a roof over your head and 1-3 units paying down your mortgage while all units continue to appreciate.