However if you have enough reserves, 6mo or greater then I'd say chance it but a couple of missed payments from the tenants and you have to foot the payments out of your own pocket.I'm all for taking risks but I think you really need to evaluate the age of the major systems so you don't get hit with a bunch of cap ex all at once as well as your reserves. 

My current internship in Dallas is going very well, and I expect to be back in the city full time in the summer of 2026.

The family purchased a lakefront property in a nice area three years ago but then ran into a series of issues, and have abandoned the place because of them.They are hoping the bank allows a short sale (asking for roughly $20,000 under what is owed)Here's what's made them so unhappy:Anytime they used the laundry it was dumping into a dry well, which would back up into the house forcing them to take their laundry to a laundromat instead!!

@Samuel Coronado - the challenge is that there will likely be a very small number of renters looking for a house that size, as well as that can afford a rent amount that high who won't just buy otherwise. 

Welcome, hope all is well

You'll quickly learn how to manage investments well, which property types and neighborhoods work best, and more.

I bought a washer and dryer from ShinePay with their spark installed in 2023 and it was working well for a year, but one day it just said my account was deleted without any warning.

The PM was basically being rude and said “well you shouldn’t have broken the furnace anyway.”

I'm in Phoenix as well, started out house hacking and have helped out a few other clients to do the same. 

If you go in with realistic expectations and a well-thought-out plan, house hacking can be an incredible tool for building financial freedom.Have you tried house hacking?