@Hamidou Keita House hacking by converting a single-family to a duplex is a smart strategy, but requires careful planning.Pros: Offset living expenses, higher rental income, increased equity.Cons: Significant conversion costs (permits, construction), zoning restrictions, living in a construction zone, managing two tenants.Key Considerations:Feasibility: Check local zoning and permitting.Costs: Get detailed construction estimates.Market Analysis: Ensure post-conversion rent covers expenses and there's rental demand.Resources: BiggerPockets forums, local contractors, real estate agents.Have you researched your target property's conversion potential?

Ensure compliance with local laws, start with smaller loans to gain experience, monitor your investments regularly, and trust your instincts as you navigate this venture.I myself, as a PML.

This approach ensured minimal holding costs and a faster return on investment.

It’s a balance of cash flow potential and ensuring you can handle any surprises remotely!

I believe that the PM acted too early, without ensuring the tenant left - leaving me on the hook.

With your construction experience, ensure you stay on top of renovation costs and timelines to maximize returns.

This ensures that when the borrower exits, the title company is aware of the JV agreement, further protecting the investor’s interests.I’m just blown away at how hard it is to find people to do this since it quite honestly is a solid deal with the ins-and-outs planned out already. 

Therefore, I prioritize pre-screening applicants to ensure they meet the qualifications before arranging a showing. 

For house hacking, ensure rental and personal use are properly allocated for deductions.

Any advice or direction on how to go about this in Wisconsin would be greatly appreciated.Before you do that, ensure the home will make a good RAL property.