You’re in the right place to learn about real estate investing.House hacking is a great option if you choose to invest locally.

Electricity alone on a 2 bed is usually around $200-250.  

Many challenges can be avoided if you work with someone that can give you professional guidance in the market you choose.

@Cheryl Gilmartin are you saying that Anderson Business Advisors are in bed with Elite/RDPD, or am I reading your comment wrong?

It binds the landlord, but honestly has little binding effect on a tenant when they simply choose to leave.

Quote from @Daniel Stegelman: The apt. complex has unit has six 2 bed 1 baths and two 1 bed 1 baths.

There is no bathtub, and it is only a one-bed one-bath 680sqft unit so I'm not sure if I'm overthinking this.

you choose one pay for it and they provide them.What I found out is they just send over the plans with no updates to current codes so we submit then and get check sheets sometimes 3 or 4 and takes 90 days to get approved instead of them understanding the new codes updating the plans before giving them to us.And to be fair to the architect we can send in the same plans and depends on which examiner gets them some will fly through others come back with check sheets that an examiner frustration issue.

You can have some student housing, regular long-term rentals, and even some STRs if you choose.

I am looking at a few 4 bed 2.5 bath no HOA properties in pflugerville that I would like to convert into to 8 bed 3 bath properties.