My wife and I are pre-approved for a home and have been considering house-hacking a multifamily in the Poughkeepsie area; potentially focusing on medium term rentals for traveling nurses.

But can't you make it so that any due diligence money you've paid to the seller is credited back to you at closing? 

Looking up the taxes due we found that the taxes were paid by a third party, not the owner. 

In addition to this, I've also invested in pre-construction condos in the Miami area.

yes rents have gone up slow but it has allowed me to buy over 300 of these in the last 25 years and has paid off very well for a guy that just made it though high school.

We post similar rules on the fridge and is in multiple pre-check in communications.  98% of guests are great. 

@Annette Yim- if you are working with a  realtor - ask them these questions ...if you arent working with an agent - consider doing so  until you  get  experience to  work without one ......also - if you will need to use a loan - make sure you are fully  pre approval before making an offer 

For example, if you paid $500k for both houses, and yours is 2000 sq ft while the rented one is 1000 sq ft, you could use a simple formula like $/sq ft.

That being said I'm planning to post a case study of how I helped my brother-in-law, a Contractor with a small 4-man team, go from struggling to $46,000 in new business in a very short time frame.If I had to write a highly click-bait worthy headline for this case study it would go something like...REVEALED: Struggling Contractor Signs $46,000+ in NEW Business in 7 days for FREE Without Paid Advertising Using This Simple 3-Step SystemI'm a glutton for memes, dad jokes, and anything that pokes fun at how ridiculous us marketers slice and dice language and communication in our marketing :)

My brother-in-law specializes in building patio covers, fences, decks, pergolas for residential homeowners.

If you bought a house for $63k and sold it for $270k, and you have NEVER paid any taxes on this house appreciation - why would you expect this gain in value to be tax-free in the end?