My wife and I purchased our first home, a multi family, to house hack in late 2024.

The reality is that imposing expensive and time-consuming sprinkler installation requirements will drive property owners to either scale back necessary renovations or avoid permits altogether.Currently, when owners propose substantial renovations, they are often informed that their projects will require sprinkler systems, which can cost around $45,000 for a typical three-decker.

In 2020, it came to a near complete stop.Banks go through the foreclosure process typically taking 4-8 months.

I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.

They are running a personal brand, and I would rather donate my money to a good cause than their next mountain home. 

The cost of a sewer line is the same whether it is on a triplex or a single family home, but with a MFU you can spread the risk.

Friendly reminder that loan guidelines typically allow you to use the theoretical or real income from the other unit (the one you're not going to occupy) to help you qualify for the mortgage.

I'm typically an advocate for hiring a CPA once a Schedule E or C is involved.

On the flip side, traditional financing typically offers better rates and longer terms but can take longer to close, and you’ll likely need stronger financials.If you’re trying to balance speed with cost-efficiency, it’s worth considering your project’s needs and how quickly you need to get funding.

It might not even apply to you - just another issue in a somewhat gray area of real estate law.But remember- if a buyer buys the home in a double closing - no issues whatsoever - anywhere.