Here is an article with more information on what a house hack is - www.rocketmortgage.com/learn/house-hackingHope this help!

This is something a lot of people need to read going into flipping..

The IRS has a guide on rental income and deductions that might help: IRS Rental Property Tax Guide.2.

Quote from @Mordecai Ese: I’m 28 and debating whether to withdraw $60K from my Roth 401(k) to help fund a new rental property.

And two, the help if you ever come into a lawsuit.

The vast majority of your wealth gain in real estate will be by holding properties long term and the appreciation/principal paydown will slowly but surely help you become wealthy.For 90% plus of people out there who are looking to start, house hacking is the best way to go.

Hey @Audrey Sommer, is this in regards to overall condition of the home or highest-best-use of a property for investing?

As you mentioned intentional flips are typically considered inventory-This means the income is ordinary income and as such: - Is not a capital gain, so hold time of 1 year does not change to a better long-term capital gain rate - Can not be invested in a QOF Deductions related to it can't be pushed or changed- all costs are accounted for with the inventory component 

Happy to connect further to help with suggestions.

The exam not only deepened my understanding of the intricate details but also helped me see the big picture of how our financial system works.