I predict that the substantial home price cost savings and greater control they enable the buyer to have will make them grow in popularity.

Have any idea about Gift tax in NY?

and if you don't have enough money to house hack in San Diego... save up until you do.and if you want to move somewhere else, house hack there. 

After listening to @Brandon Turner and @davidgreene do the recap it is true that you sharing your story will save BP member millions of dollars.

This is tax free. 

This appears to be a 'transfer tax' instead of an income tax. 

There are some programs through local government systems where you may be able to receive a tax abatement or grant here in Michigan in an effort to help beautify a neighborhood.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

It will save you a ton of money upfront and you'll gain the experience to upgrade to larger deals.  

Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.