One month of vacancy has cost you $2,400.

If his landlord reference for the past five years is good, that would weigh much heavier than his eviction.Based on what you've shared, I think this is a low-risk situation, and I would probably accept them with a deposit equal to one month of rent.

Yearly increasing costs will, in time, eat up any profit they have per unit.

Starting with house hacking is a smart move, especially in a higher-cost area.

The bigger concern I would have is low pressure due to blocked pipes, especially to the bathrooms.

If each property costs $200,000 and your only acquisition cost is a 25% down payment, you will need $850,000 (17 × $200,000 × 25%) in savings, an almost impossible amount for most people.

Many out-of-state investors make big mistakes that cost them far more than a property manager would charge.

Low inventory, higher rates and a LOT more investor competition have made it quite a bit harder.

But also was a costly lesson for me.

•This additional income can help offset costs and increase your total reported income for future pre-approvals.5.