House hacking has completely changed my life (I've done it twice in Reno, NV), and I highly recommend it as a strategy starting off. 

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes.

@Elisee Lafrance man I wish I would’ve seen your notification earlier , right now I’m heading to get cash from plastiq, I have completed the process with plastiq but I’m gonna call them to discuss

The tax benefits refer to the tax deductions from mortgage interest and property tax.The returns mainly rely on appreciation, and the cash flow only improves in the last few years, also depending on securing the 5% refinance rate.I've learned a lot from this forum, but as I start to operate on my own, I'm still not completely confident.

Makes complete sense to purchase a property that breaks even or loses money.

If I had not been, then I would have a lot of projects only half completed and a lot of investors very angry with me. 

*I'll try to update this post if any updates or improvements are completed, but since November there have been no improvement or fixes.

Purchase price: $260,000 Cash invested: $120,000 Sale price: $535,000 Complete gut, new front and rear walls, all new electric, HVAC, plumbing, roof, deck, windows, interior What made you interested in investing in this type of deal?

In fill lots with no hair on them 9 to 12 months start to finish My 90 lot project about 5 years from dirt to completion.

So, while I completely understand your perspective, I’m looking for a way to balance taking calculated risks with creating a stable path forward.