Originally posted by @Tyrone Hardy:@Brent Coombs  I am new to the investment game and was hoping you could provide more information on what house hacking is.ThanksI believe it's a term invented here at BP by @Brandon Turner, and implies that you would be buying your owner-occupied home for the purpose of renting out a portion of the property that you don't need for yourself (so, usually a duplex or larger), to lessen or eliminate your own expenses of living there, vs what you would otherwise be paying in rent.

What I would do in this situation is a tip I learned from my trainer.

I also work part time as a personal fitness trainer and I do some small renovation contracting work on the side for family and friends.  

When you buy a property value below 90k, this is far below the replacement value of most houses and implies that the house is not generally desirable (it might be too ancient or in a bad neighborhood).

I'm currently a Certified Personal and Group Fitness Trainer.

If the current rents are as low as you imply you might try a cash for keys approach.

In my opinion,, you'd have to give anyone in the building notice that has the same number of people in the same size apartment notice, and not renew if they are over occupancy.once you start that policy.. so you can post so people know that as of 9/1/2017 policy begins, and all will need to comply with the stated occupancy guidelines for lease renewal option.So simply,inherited tenant would need to leave or kick some of her kids out,,,Fair Housing Act is implied  

"Investing" means (or implies) that you bought property to own and run it for its income.

This implies that you will not be able to extract the full $150K equity through a typical refinance. 

The decision comes down to a choice of paying the tax today in present dollars or paying the present value of the future tax 30 years from now.Just as the name implies, there are two parts to a monetized installment sale: an installment sale and a monetization process.