2) What would happen if someone used the above steps, and instead of transitioning to an MTR, they got out of the rental gamer and turned their property into a vacation home?

It simplifies the process and helps ensure that every aspect of your investment is handled smoothly.

As of now I am looking for any advice on what I should be doing to prepare for this transition and how people have successfully managed room sharing properties.

Perhaps you could stick your job out a little while longer like I did and start building up a portfolio of rentals to provide you with enough income to be able to give you some cushion income to quit your current W-2 and make the transition to a new job you like better.

Even if the deal wasn’t smooth it was a proof of concept and I paid for my education.We are closing on our second deal on Monday, a good value add 6 unit a few blocks away.

Hello BP,Recently, I decided to move out of the house that was my primary residence for four years and make it a rental property. My plan is to obtain a triplex or quadplex and house hack that for a year. This seems l...

Careful attention to these details will help you navigate the seller financing process smoothly.

Hi @Sanjay Fernandes, I'd like to talk - I had a property with them and had to transition to another PM company. 

Currently, there's only one water meter for the entire duplex, and historically, I've been responsible for paying the water bills every month.However, I believe it's time to transition to a system where the water bill is split between the two tenants.

For STRs in Indy, having a solid property management company or co-host is key to maximizing your rental income and keeping operations smooth.