With these savings, I plan to enter the market for a single-family house hack in the Baltimore area in Fall 2025.

His recommendation was to wait a year for rates to fall and refinance the house so he can get some of the cash equity out. 

Lastly as an illegal unit it is  huge liability if there was a trip and fall claim, fire etc your insurance may not cover.I recommend renters insurance for whoever lives there is mandatory to add another layer of protection. last option not considered is you living in the bonus unit to have a free place to live with minimal risk 

Here’s why I believe the real impact won’t fall on flippers, but rather on wholesalers, sellers of distressed properties, and buyers.1.

You could hear breaking glass and things falling out of the ceiling ( HVAC stuff ).

I hope no one else fell victim and actually wired him money. 

You bought a falling knife, if not two.

But you are falling right into the 1 percent rule trap of cities.

From my understanding month to month rentals (mid term) are not going to fall under the same regulatory regime as long term leases.

We clean a few Airbnbs near here on Clifton Ave and they stay rented Spring, Summer, and Fall then slow down in the winter.