This is incredibly helpful. 

Hi @Sean Lovan House hacking is an incredible way to get into buy and hold real estate investing with a relatively low financial barrier to entry… plus the added benefit of reducing housing costs!

I have heard experts on the BPP talk about a market sell-off, meaning that any property owner who does not plan on owning that home for the next 10+ years would take advantage of this incredible sellers market, causing an influx of new listings for sale.

It is one of my biggest worries as a new landlord, so I wanted to be prepared and know how to be successfully despite of being in a such environment.

That's the lesson I've heard a few landlords talk about, better to let it sit empty sometimes, but alas....I am leaning that way, especially given the current environment and that hard learned lesson.

Even if the home was incredible with a great rehab its still going to be in a low quality area which will still attract low quality tenants giving you a statistically overall bad experience.

You add it all up and you’ll get a lot of people that plan (in today’s environment) to buy at 90% of current values that either will choose not to (or not be financially able to) when that 10% drop occurs.That being said, I’m not a crash-monger.

Of course tides and environments can change drastically between " re financing" which is causing a lot of concern now, especially for retail

Found this Nature's Miracle spray- it works incredibly well - no more smell.

Therefore, in CA your purchasing power increases each and every year you own the property, compared to many out of state markets where the cash flow may look great on paper day 1 but most if not all of that is eaten up by lower quality tenants, property managers, and contractors plus prices and rents don't keep up with inflation while CapEx does so that eventually eats up more than what is left over and you end up losing purchasing power every year you own it ... it is therefore incredibly short sighted in my opinion and experience to only look at year one returns on your investment ... considering the most likely long term projections of cash flow and prices is the work of a prudent investor, not a speculator as others may claim.