You get so much wealth and start getting older you enjoy the business but focus on quality of life more and memories. 

Would you buy a property where you have to give half the profits away for life? 

Hey Taryn, curious who were you working with?

You also mentioned an unpaid water bill, so be sure to deduct any outstanding balance from that bill as well. 

It’s great to see how creative approaches to house hacking are working well for you.

Market rate is $1100 on the same street for the same style, size, and age of house.The tenant has been there for 25 years and has also worked as a handyman for the landlord on various properties, so the current owner has asked me to keep him there for at least the next year before raising rents.Property taxes from 2023 are just north of $2000.Based on this Deal Calculator it should cashflow month 1.My questions:1.

In my experience, a large percentage of them are fully functional adults that refuse to take personal responsibility for their lives, which is why they are receiving free rent from taxpayers instead of working for a living.

That said, this might not work for everyone, so a fix-and-flip loan can be a great alternative.My team and I work with investors nationwide who face these same decisions.

As a side note, my wife and I work full time and are looking at strategies that are less time intensive.

Quote from @John Teachout: Title work is typically done as part of the pre-closing paperwork.