Make sure you’re working with a lender who has experience with 203(k) loans and a contractor who understands the program’s requirements.2.Loan Process Can Be Slow – Unlike a standard mortgage, the lender will be heavily involved in the renovation funds, which means more paperwork and potential delays.3.Strict Repair Guidelines – The work has to improve the home’s safety and livability, so luxury upgrades usually don’t qualify.4.Living Through Renovations – If you go with a Limited 203(k) (up to $35K in repairs), it’s usually manageable, but for a Standard 203(k), major work might require you to live elsewhere for a bit.It’s a solid strategy, just make sure you’re working with the right lender and contractor so things go smoothly.

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

What has been your experience?

With your handyman skills and experience managing a rental, you’re already ahead of the game. 

My experience shows whole-unit rentals to families or solo professionals cut vacancy rates and simplify management over room-by-room.For faster occupancy and stability, try my hybrid co-hosting model: we market listings to insurance and corporate housing partners for mid-term stays (months to a year), boosting rent from $2,300/month to $7,300/month.

Open to any suggestions from other with experience!

I’m in the North Texas area, but if you’re looking to network and share experiences, feel free to reach out!

Even through the busiest years, our experience has been that large cabins do not provide the same ROI as small cabins. 

**not tax of legal advice, always consult professionals, just my personal experience!  

or any experience buying homes at auction in Sac?