All the while you're picking up a few grand tax free in rental income with very little out of pocket (5k to 10k).To me, thats investing. 

If that means our rental stays open because tenants cant move in, or on a flip that we lose a week or two because other contractors cant get in, then in that case it cost us a couple grand to paint in holding costs or missed rent.  

We'll be moving back to CA - and in the grand scheme of things, housing will be much more expensive there and most likely a larger barrier of entry $ wise if I were wanting to house hack. 

Hi Amber - there are some key determinants to increased revenue here on the Grand Strand.  1) an elevator if greater than two stories, 2) proximity to the beach, 3) a pool, and 4) a jacuzzi or spa.  

My question today is would you do this deal.It’s not one of the homerun/grand slam deals I hear all about in podcasts but who knows.

I usually get duplexes in decent condition for about $22k and put a couple of Grand into it with myself doing the work.

@Kaitlyn AragonMy first property was a primary residence that I house hacked.Second property was a rental property that needed $8k in repairs.Third property was a flip that made a modest return.Now we do 20+ flips/brrrs per year and raise money for them.The point here is that you don’t have to start with a grand slam.

The total monthly payment will be pretty close to this: P&I - $1,295, Taxes - $420, Insurance - $175, PMI - $220, for a grand total of around $2,100/m.

Off of  Rio Grande Ave.

Some areas in MI to consider: Detroit, Grand Rapids, Traverse City, Petoskey/Charlevoix Area...