@Michael VelezHouse hacking is a great way to start investing, as it helps you reduce living expenses while building equity.

In your proposed case you would be compounding this negative position by taking away the best source of financing for a large percentage of potential buyers.  

It's worth about $350,000 and no liens.I was thinking about making it a midterm rental or a short-term rental but it would require quite a bit of work and would require getting a home equity loan.Also considering selling and buying a turnkey str.I do plan on leaving the country and I'm not sure where I'll end up.Would love to hear the pros and cons from all you professionals.

In this scenario, you might even walk into equity when your project is completed. 

My idea was I could live there immediately and also do all the minor work that would not require an actual tradesmen, which would allow me to start building equity.

Hello,We have "trapped equity" in a long term rental condo and are considering selling it and doing a 1031.

Partner Driven identified this property as a quick-turn opportunity with immediate equity potential.

Even at $2200 I don't expect to get a positive cash flow for the first year, but that's okay as long as I rent it out and learn from my mistakes for my next investments.

🎉 A $300/month positive cash flow is a solid start, especially after house hacking.

@Michael Martin I'd recommend our official SDIRA partner, Equity Trust.