If the numbers make sense, the plan is to approach the seller and attempt to get a lower price for this "2-story" building which has vacancies, since that's what the owner is selling.

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

But timing and planning are crucial.Here's what you need to consider:Future Passive Income: Do you expect to generate passive income from other sources?

Upgrading isn't worth it if you are planning to rent it out(generally) unless you were planning on doing a refi or sell it.

@Matthew Posteraro That's a solid plan.

My plan is to start house hacking.

Quote from @Daniel Tanasa: Another option is to get a small cash out refinance from the house you plan on fixing up, if is in financeable condition, and use that to fix it up, while still cash flowing.

Some parts of Trump 2016 tax plan.- Plan: 3 tax brackets.

Yes we definitely encourage everyone to STICK TO THE PLAN when renovating!

We’ve just finished our 2025 planning meetings for our six largest projects, and it’s been an interesting process.