By examining details such as previous tenants, vacancy rates, and recurring issues, you can gain valuable insights into its performance over time.

I would hope somewhere in your agreement was a clause that gives you the right to examine the books or request detailed financials for the building.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

Hey Nish,I totally get your mix of excitement and nerves about diving into real estate through house hacking.

Also, we believe the housing provider may insist that the documentation of need be based on an in-person examination by a qualified professional because there is general agreement among the healing profession that an appropriate diagnosis cannot be made without such an examination; therefore, in our opinion, housing providers are not required to accept a "certificate" obtained by a resident from a website where the resident simply pays a fee and fills out a questionnaire to obtain the certificate without being examined in person.

If I am going to spend $10,000 I need to see a deliverable that I can examine before I commit.

You might also consider a Roth 401k that would be funded with after tax dollars and earnings would grow tax free.Your best bet is to consult a tax advisor who can examine your individual situation and give you the information necessary to make an informed decision.Let me know if I can be of any further assistance.Ed

Looks like we hit a nerve.

Of course, we know the first investment in any niche is always a bit nerve wracking, especially if its out-of-state - you're putting down a lot of money and entrusting people across the country to turn it into more money over the course of several years, and we know that's ..... a bit intense.