I'm over here trying to be "positive" and snarky, Clayton.

I'm sure those who cannot afford the assessments will just stop paying and that will send those properties into foreclosure with the first position lenders foreclosing.  

I want to begin investing with a house hack, but more generally use this position (with it specifically being in the RE industry) as a jumping-off point for a career in investing, eventually full-time. 

@Jeremiah Dunakin I have an hourly position for someone just like you!

I think house hacking already puts you in a good position to start, so additional creative strategies will help even more. 

Another option is finding a deal where the owner will seller finance some or all of the down payment portion and is okay being in 2nd position.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Louis are generally lower, allowing you to get more value for your investment.Cash Flow Potential: With lower property prices and steady rental demand, you can potentially achieve positive cash flow from rental income.Market Appreciation: While St.

I understand there’s some nuance state-to-state in terms of deed of trust usage vs. using a mortgage for the second lien position (our investor in this case).So that we can arm ourselves with the most knowledge going into discussions, could anyone advise what the setup process actually looks like here?

Searched the forums and found a whole bunch of positive reviews!