What’s my liability?

However, if your time is limited or you don’t want to deal with tenants directly, hiring a property manager can make your life much easier—just be sure to choose one with solid local experience.Are you currently house hacking in Chicago?

That limit was recently bumped up to a $100M maximum.

Here in UT we have strict occupancy limits in college towns of 3 unrelated people per unit.

Originally, I felt limited by conventional lending DTI.

If you adhere strictly to the laws, you will be limited in the services you can offer to your relative compared to what they would get if they listed their property with a licensed agent, and they will get less money for their property working with you than if they hired an agent.

How about a sales contract with contingencies but with a limit where the buyer can only terminate the contract if their find material defects exceeding a certain dollar amount.

Having models is great if you understand their limitations.

Per our zoning attorney "all that matters is your rights and limitations under the current zoning".

The only way I see a low or no-money-down scenario being viable is if you have a lender willing to lend based on the Loan-to-Value (LTV) ratio, and if you can find a deal where your total costs are low enough to keep the LTV within the lender’s limits.