Originally posted by @Tyrone Hardy:@Brent Coombs  I am new to the investment game and was hoping you could provide more information on what house hacking is.ThanksI believe it's a term invented here at BP by @Brandon Turner, and implies that you would be buying your owner-occupied home for the purpose of renting out a portion of the property that you don't need for yourself (so, usually a duplex or larger), to lessen or eliminate your own expenses of living there, vs what you would otherwise be paying in rent.

I'm investing in Weatherford, and I've heard investway works better for larger metro areas.

There is about $14k total owed (payments and taxxes). this was going to come out of the $55k, and with the remainder I had planned to try and get a loan to buy a house with about $30k down, and spending about $7k on the renovations to make it handicapped accessable.

But they also COULD show that the ratio starts decreasing (or increasing) with larger square footage.

My friend's concern, however, is that the landlord may be trying to formalize their relations so that he may eventually evict them, as many of the legacy tenants in this apartment building have been evicted or "pressured" to vacate for frivolous reasons so that the landlord can renovate and convert their units to Airbnb in order to receive a higher return for each unit.

I would be inclined to go with this logic if it were part of a larger development or subdivision in the works, but this missing road is lined with various individually owned lots, so am I to assume unless all the lot owners get together and co-sponsor the construction of the road, that it will remain as is?

Renovation costs are higher here in Canada compared to the US.

Now of course being a developer I risk the building plans and other cost Usually 5 to 10k per home. but that's just the cost of doing business and we pretty much hit 99% success. but there are instances were we lose money because permits are not going to be issued.. but again just little hiccup and easily eaten.When I am doing my larger developments.. 20 to 50 lots..

In particular, I want to get started renovating homes outside of the Northampton, MA area, where quaint country homes are a prime market for visiting professors and working professionals.

Hard money is expensive, but most larger flippers have more resources and are not going to pay 15% and points on their money, I assume.Best,JTM