this is only a good idea if you have reason to believe that the area will be appreciating quickly, which is called speculation and akin to gambling not investing. me personally, I would rather put my money on black than bank on market appreciation. negative cash flow rentals are a time suck and money suck.

Hello,I purchased James Dainard’s new book The House Flipping Framework on Audible.

Investigate moving the lot line to put the house entirely on 1 property.

Probably a quarter of the buyers we work with are house hackers.

If I am house hacking then what should be the insurance.

I have all the empathy in the world for what the people have gone through, I do, I went through a house fire.

There are definitely risks that will be completely outside of the auction house.

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

The neat thing with TDR is that, after you've sold off the residential development rights, you still own the land and get to use it in all the same ways as before, except that you can no longer build houses on it.

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.