If this concept is unfamiliar, then continue to ignore it.In closing: The dangers of shifting the timing of your income, expenses, and business transactions.A purely mathematical exercise may indicate some beneficial timing for this or that.

I hope you understand this is purely about what works best for my budget.

As of 2024, it shows the sell price as pure income and all the expenses isn't enough to offset the tax. 

We are only very moderately leveraged, but I am in no rush to change that and rather use the cash flow to re-invest either into upgrades (we are doing a ton of driveways this year) or more RE.I don't think there is a right or wrong way, like you said there are many different ways, I just find myself adjusting every year a bit more in that direction. most condos historically are not great appreciation plays. its a place to live and enjoy.. unless said condo was bought in Miami in 2008 to 2010 :)No $#@% mate.And Chicago has been a disaster for many years now.I pinged Bri about it a while ago and she said "Good luck" hahaI guess it's more a trophy property than anything else during my "ego" pumping days.A bit older, balder and smarter nowadays I guess.Less is more mate lol

Hi @Tim Holt I think in general house hacking is usually a good move because it gets you off the sidelines and into the game with the most favorable financing possible (30 year fixed).There's a lot of value in getting started today vs waiting some undefined number of years until conditions are better, which could be a long time from now, because real estate is a business and the sooner you start actually learning about that business, the better.With all that said, I always recommend that people analyze any potential house hack as a pure investment that they aren't going to live in, because someday they may want to move out and you should know up front (before you commit) whether you're going to be able to do that, or whether you're overpaying and will be stuck in the property unable to move out because it'll be cash flow negative if you do.So you had it exactly right when you wrote, "the property would need to cash flow when I move out and rent out all units."

At the end of the day, Panama City Beach and Destin offer more potential for consistent returns, fewer regulatory headaches, and the added perk of a beachside escape you can actually enjoy.

I understand the 25k guy .. and the seller carry back folks normally those I see that do that will get the amount they paid for the dirt back in the down payment and the note is pure profit.

This tenant is violating the lease, and compromising the peaceable enjoyment of their neighbors' homes. 

would love to hear more about this, visited lisboa this past year and really really enjoyed it and the surrounding areas. 

AlabamaAlabama residents enjoy a low cost of living and a thriving economy.