House hacking can significantly lower your housing expenses, but full elimination isn’t guaranteed.### 2.

If you're interested in seeing how that all breaks down from an income and expense standpoint, I created this Sankey diagram to share with you:As for me, I'm planning to leave my w-2 job and take a little career break before deciding what's next for me. 

My area seems to be saturated with Airbnb/STR properties trying to sell. These properties were purchased for investment only purposes (they are not second homes/duplex’s etc). When I check local real estate listing it...

Quote from @Tom Enright: Hi Forum, I'm about to close on my first STR and plan on materially participating >100 hours this year as I'll be working on the property and plan to rent it the last 1-2 months of the year.

Quote from @Khalid Bryan: Hey, I love this question because it got me looking into cost segregation studies, and honestly, I’ve always just thought of it as breaking down expenses and depreciation—never really called it that fancy name.

Recognize the lifespan of large cap ex expenses.  

Cash Reserves & Emergency Fund✅ Have 3-6 months’ worth of expenses (mortgage, insurance, taxes, and maintenance) saved.✅ Keep an emergency fund for unexpected repairs and vacancies.2.

I would make the expense codes mimic the Schedule E if using quickbooks.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.

@Ngozi IwunzeOne way to avoid capital gains is to turn the flip into a rental after the rehab and then do a 1031 exchange into a more expensive property.