I think house-hacking is a great idea and I would be more than happy to help you with the financing.

Hi everyone,
I’m a new investor learning the ropes of being a midterm landlord. I bought an outdated condo, planning to do a cosmetic rehab later when I had more budget.

I moved out of the condo in mid-2024 for a ...

Hi @Christopher Morris House Hacking is NJ is great way to go. 

If it does go to probate, hopefully your brothers and you can amicably go the informal route vs formal (I've worked with families in both when buying properties out of probate and informal is FAR easier).Since there's no debt on the house, maybe you could sell with financing or maybe you could even buy out your brothers with financing -- that way you maintain ownership and just pay them a monthly amount.

This october the tenant left without warning and house went vacant.

@Tim Holt, Yes INDEED house hacking is the best option for most 1st time buyers.  

From my experience you should expect a 10% to 15% of gross revenue for repairs/maintenance. 

A block can transition from appreciating to depreciating within ten houses so you have to learn where it is ebbing and flowing.

My focus is on affordable housing, large-scale mixed-use projects, and community impact, with an increasing interest in scaling into multi-family acquisitions and new construction.I’m also involved in medium-term rentals (MTRs) and short-term rentals (STRs), using my tech-driven background to streamline and scale these efforts effectively.

A "lake house" might be in a residential zoned area where a commercial use would be prohibited or at least require a variance (approval) to make an exception.