Tasteful furniture package included.

Still wanted to be close to CA and Lake Tahoe but have much more favorable tenant/landlord laws, property taxes DO NOT reassess on the sale, stable diversified job growth, population growth, land constraints force appreciation, and a ton of outdoor activities that I enjoy. 

He is oriented toward Studios and 1 bedrooms in dense cities using IKEA furniture & lease agreements with landlords. 

Purchase price: $1,360,000 Cash invested: $500,000 1BR 1BA with outdoor patio and water views in Manhattan's beloved West Village What made you interested in investing in this type of deal?

Keep in mind you are responsible for the utilities, internet, upkeep of furniture, bed sheets, etc.

By adding a seating area around a travertine fireplace, I gave the illusion of the dining room being extended to the outdoors area as well.

...if the vacancies are frequent or extended, it can be a big expense, so I analyze this thoroughly.As for house-hacking specific costs, there are things like furniture/appliances/decor for the common areas of the house, costs of screening applicants (like background checks), cost to advertise, the time and effort required to manage a house hack, etc.  ...although these expenses are worth consideration, they tend to be much smaller and almost inconsequential compared to the big capex expenses that can come with buying the wrong property (e.g.; you might spend a couple hundred bucks on tenant screening, but a new roof might cost $20k+).Back when I was house hacking regularly, one of the most significant "costs" was the cost of my time and effort to acquire tenants (which includes all the time and effort of posting ads, responding to inquiries, answering questions, doing viewings, screening applicants, managing tenants once they were in-place, etc.).

- upping your max # of guests somehow- "no cleaning fee" & upping the nightly rate accordingly CAN be a big driver of bookings in some markets- having your listing/pics done professionally (by someone who specializes in STRs)- a great outdoor area- if you wanna spend $, i'm seeing lots of people adding pickle ball courts & more stuff to do outside like that - having a car there that they can rent on turo for cheaper than the rental cars from the airport

It is advisable to outline in the contract that the landlord holds no liability for internal issues, while the tenant assumes responsibility for fixtures and furniture.

I did read in the IRS tax code that expenses like furniture have to individually be less than $2,500 to be expensed instead of having to be capitalized.