My goal with this approach is to use lower living expenses to improve my day job cash flow and begin house hacking where market values are low enough for me to "start small".In the spirit of collaboration, I'd love to take this chance to share the latest draft of my emerging investment strategy for feedback.My "Why" and CF Goal:I love not working for someone else, and I'd love to travel without someone counting my days out of office.

I would consider lowering the price or offering some bonuses like 50% off the second month's rent to make your property stand out from the crowd.

Thanks for the reply according to my realtor she actually helped me understand that portion of the contract better if I don't renew the lease then the lease just expires so I would have to have them sign a new lease and next time if I wanted that option check the box.The odd thing though there is a section stating it could renew on a month to month but she is stating since that section is marked out I would have to press for a new contract to be signed by the tenant which they are going to try to barter with me on and get lower rent so kinda stinks. 

HOWEVER I can see value in a market like this, where you determine, only for yourself, what those lower parameters may become in the event of a crash. 

Hello everyone i just got a call form a seller he's trying to sell his house 5br 3bt 2,550sqft fully rehabed looking fantastic everthing new from customtiles to appliance,He told me he's trying to get out of paying mortgage so he'swilling to sell at a lower price that he had it on the market for which is $238.900Dont know what to do or where to go since i still haven't done my first deal yet.. 

Would your first instinct be to offer a much lower price?

Both Lower and Upper West Side is appealing (like up to Blackrock/Riverside).

The 1st mortgage lender also has to allow 2nds.As others have posted, living in the property will allow you to qualify for a lower DP, so that's an option too hopefully.Good luck,- Tom

Send a certified letter to landlord quoting the state law and time frame, and offer to accept "only" your full damage deposit in exchange for dropping the court date.

I'm looking to lower some expenses since interest rates have risen.