I'm not saying what my opinion of this was, but I never saw a single owner divulge the real amount....they would usually make it about 10-20% of the actual costs.I'm not even sure if you are legally required to tell them what you spent...seems like an invasion of privacy issue....?

And as you get more successful, the more you'll be careful how loud you are and how much more privacy you wish to have.

That will also ruin most of your strategic planning and privacy wishes.

Hey Annmarie, it's true that sellers sometimes withhold lease information to protect tenant privacy, I do find it a bit inconvenient not having full visibility before making an offer however, the seller might be concerned about protecting the tenants' privacy.

If anything it might offer more privacy and less noise for all parties.

We added value by furnishing the property, adding a privacy wall and pergola over the hot tub, string lights, updating/upgrading light fixtures and plumbing hardware.

It would depend on your market and I don't know yours, but STR guests in our area tend to value privacy/seclusion and so stacking units on top of one another isn't preferred.

Househacking primary home = pays the mortgage on my home, instant $6K income, peace of mind, but some loss of privacy, too many eggs in one basket, appreciation on 1 property only.Buying rental properties instead = multiple properties appreciating over time, more diversified, but cash flow very hard to find, how to get to $6K cashflow instantly?

This should not be a privacy issue between the PMC and tenant, but check with an attorney to confirm.

On the other hand, single-family homes (SFHs) give you more privacy, a bigger yard, and total control, but they cost more and need more looking after.