I would inspect the property myself.

This will allow us to have closer contact with our borrowers as we seek consensual solutions that work for our investors, our borrowers, and communities nationwide.”O’Donovan previously served as the Executive Vice President & Chief Administrative Officer of Wintrust Mortgage.

Yes The utilities and common area cleaning are included into my expanded monthly cost. im modeling this closer to a hotel than a traditional rental.

My question is: Is this house better off being rented long term for tenants or should I gravitate toward a midterm rental for possible traveling nurses or traveling professionals who want a cleaner, more up to date space, closer to downtown?

i like staying closer to home, even if a couple hours away, and at a higher price point. 

I’d recommend focusing on affordable areas closer to the city for house hacking to keep things manageable.

After the tenant moves out, we send someone to inspect the property for any damages, including furnishings like a broken vase.

First - I think your accountant should be providing you recommendations for cost segregation companies.It it most likely, if he/she works with real estate investors, that he/she would have a couple to recommend.Second - There are two types of cost segregation studies.Type 1 - Conducted by an engineering firm where an engineer will inspect the property.

Expand to northwest Indiana— areas you’ve driven and inspected yourself, so no more than an hour away.Get a team in place and try it for a few years.

Since the home health is provided by a third party, the community does not need to be licensed as a care facility, so costs related to regulatory compliance with inspections and staffing are facilities are not added to the cost of care.