Mortgage stays in seller's name but is paid by the buyer through a promissory note (aka contract)Mortgage Balance: $102,000 Interest Rate: 4% PITI: $531/monthSELLER FINANCE PORTION: Seller Finance: $300/month to seller for 53 months (4.4 years) = $16,000 Total House Payment: $831/month (PITI + Seller Finance)NOTE about CLOSING and seller: Seller would like to remain in the house until November 12th, 2024.

This would significantly help my ability to afford the market from a house hack standpoint, but I want to understand what those tax advantages are renting out my basement as a business rental.

Happy house hunting. 

I was going to stay a couple nights with my family there over fall break and the nightly rates seem really crazy, between $300 and $900 for a typical rental house.

I would even demand he stop work on the renovation so you can put it in the hands of someone that understands the importance of communication, fiduciary responsibility, etc.Remember: cheaper doesn't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.

You can do a house hack, where you live in one of the units and rent out the others.

We had been planning to buy a house before COVID but missed the opportunity.

It's not a hotel, the houses won't be perfect (unless it's new construction or luxury). 

I have checked and the only way to get them is to go to the court house and access a computer they have set up!

The house needs a rehab, including bathrooms, floors, paint, kitchen, and AC unit—all need to be updated as everything is original.