I do have 1 month of his security deposit but I am not sure the condition of the house.

I’ve purchased rehab homes on Long Island that were cheap for the time due to the area or condition of the home.

@Brennan CoulterWhen deciding on a house hacking strategy, consider your lease timelines, market conditions, and available opportunities.

And if you do not think you will get caught, a lot of nosey neighbors will call you out on it (we did not rent a basement but we had built a shed as an outdoor dog house that was heated and air conditioned and someone called about that on us...).

The percentage needed to be saved will be dependent upon the property, the condition it’s in, and the overall general vacancy rate of the surrounding area.

I paid cash-for-keys to get her out; she was supposed to leave the property in "broom clean" condition at the walk-through.

Strong property management and careful tenant placement also play a critical role in success here, so I recommend partnering with a turnkey company or an agent who specializes in these areas to make the process smoother.As for rental demand, homes that sit for extended periods are often the result of issues like pricing, condition, or tenant quality—not necessarily a reflection of the market as a whole.

At the end of the day it generally becomes cost prohibitive unless some sort of grant money is released. 

Conditional and unconditional lien waivers prior to getting paid.Happy to chat more

They are month-to-month and pay below market rate.I would prefer to sell it in its current condition and estimate that a diy remodel would top out at $15k.