While I haven’t chosen a specific niche yet, I’m leaning toward purchasing a multi-unit apartment where my 20-year-old son could live and help manage while we rent out the other units—essentially a form of house-hacking.So far, I’ve connected with a few real estate agents and gained MLS access, which has been a great starting point.

Before you close, can the rent from your buddy and the midterm tenant cover your mortgage, taxes, insurance, plus a bit extra?

This is my way of not being forced to rent to the first qualifying party that gets a toe in the door.

However, the studio unit was only rented for $800, which is affecting the overall cash flow.

If she wants paid for canceled appointments, then I would suggest you look for a new cleaner.My policy is to keep all funds if the guests cancels within two weeks of their stay, unless I'm able to rent to someone else for the same period/rate.

Would need to know a bit more before giving a specific direction but it is usually best to hang on to your property and not sell whether you expand on it or rent it out and purchase a bigger property.  

It even states that the lease “will repeat itself” but doesn’t specify terms like figures or percentages for rent increases.

For BRRRR investors: Are you rethinking cash-out refi strategies or exploring alternative rent models to make deals work?

That way you control it, they may get some $ from the sale to pay you rent and you own and control the property Thank you for your insight, Chris.

Once you graduate and have a steady income, consider house hacking as a beginner-friendly strategy—buying a small multifamily property, living in one unit, and renting out the others to offset your mortgage.