If you must retain some cash, consult a tax advisor to understand the liability and optimize reporting.

Smart investors first focus on finding quality properties—such as those in thriving areas of Brooklyn or potential neighborhoods around Manhattan—and then reverse engineer the process by improving management, optimizing rental structures, or enhancing facilities to make it worthwhile.

One of my early properties barely broke even, but after a couple of years, rent hikes and expense optimization turned it into a strong performer.For cash flow benchmarks, I usually aim for $200-$300 per unit, but your situation.. house hacking.. offers unique benefits like reduced living expenses and quicker equity buildup.

Regarding evictions, it depends on the time and resources you have available.

I am in the process of analyzing my next purchase and I was curious what resources people use to gauge how much they could rent a property for.  

I have done BRRRRs in Milwaukee for a decade+ and if I am not on the job 2-3 times a week, things go sub-optimal.

Work with a qualified intermediary and tax advisor to ensure compliance and optimize your strategy.

Therefore, I want a partner because I have had success in multiple markets in the south, west, and east to help with those expenses so I can help more sellers.Can you share more information about private lenders or what strategy may be optimal? 

Paid-in-full real estate almost always results in sub-optimal returns.Do this math. 

I am also looking for tax optimization as the business will require cash reserves and is a high risk business from a liability perspective.