Feel free to share any thoughts you have here as well. 

@Gregg HuttonIf I were starting over with limited resources, house hacking or the BRRRR strategy would likely be the best focus for long-term growth and cash flow.

Additionally, they should help with coordinating your home inspection and if needed, getting GCs to walk and get you an itemized bid as well!

When it's sold it will be taxed as capital gains tax and may also have some unrecaptured depreciation which is capped at 25% and  recaptured depreciation as well which can be up to your ordinary income tax rate.

Nathan Seltzer This is a cool idea, I'm interested in something like this as well.

We at Aslan would be happy to help you through this process as well so feel free to reach out if there are any inquiries. 

Investing with others may be a good way to go.

The STR model is a different model and where it is at in it's business cycle, the average STR owner is not doing well.

Also if there are any local mentors in my area who would be willing and interested in helping me out I also am connected to Michigan as well! 

House hacking can certainly be a great way to build equity and reduce living expenses, but it’s essential to have a cushion in case your rental income doesn’t come in as expected or renovations take longer than planned.