There are a lot of pros about the property including that it would be cash flowing approx. $600 per month if I were to move out.I guess my question is how do you know when to take risk and when not to?

We currently own one door (split acquisition and closing costs and contribute equally to management and ownership), and have split equity and cash flows from the property - also pretty standard in my experience.My question is this - I want to purchase a house hack and would like to use our current business entity for accounting purposes (tracking income / expenses / etc).

@Brenda FreemanI think seller finance can make sense when you can get an at or above market price; you don't need the proceeds; you want the monthly income; and delaying the proceeds will make sense from a tax perspective.If you are saying there's an existing mortgage you would have to pay off yourself, then I don't think that makes any sense - why would you want to invest your own cash to make this work?

I am looking to cash out refi here soon to pay it off and use again to purchase my next rental property.

These concessions lower the cash needed to close and also lower monthly mortgage payments, which are usually the highest expense for 2-4 unit investors.

Purchase price: $196,000 Cash invested: $42,000 Sale price: $369,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Pine Cone Way, Mountain Ranch, CA.

The most glaring example: "taxable income" is very different from actual profit as measured by cash received.2.

My advice for you (and my future self) so far is:- be very detailed about underwriting your deal- add at least 30% to what you think your rehab will cost (even if this figure came from a GC)- have a really detailed design concept before work starts (including fixtures/trim/color scheme/etc)- check with your city/township's building department and see what permits you need up front- have more than one exit strategy- add a few weeks/months to your projected timeline- purchase cash if at all possible- build relationships, take notes, and learn lessons along the way- have funGood luck! 

Are investors looking at other markets with positive cash flow? 

I'm trying to BRRR and add value to cash out refi in 3-6 months to buy another.