Hi all - for those renting to section 8, where the term of the lease could start on a random date when you pass their inspection (say April 9), how do you set up terms of payment with the tenant once their portion is determined?

If Rent is not paid on the Due Date: (check one)☐ - There shall be a penalty of $[LATE FEE] due as ☐ One (1) Time Payment ☐ Every Day Rent is Late.

But one undeniable benefit of house-hacking is to ability to reduce w2 taxes for primary residence with interest rate payments.

Asking for proof of funds greater than the amount of the 60% down payment is the starting point to ensure you're not wasting your time.

Thus, an investor can purchase a foreclosed home and make improvements to it only to see it seized by the IRS as payment for the previous owner’s outstanding tax debt.

They will put up the 20 percent down payment and take the title of the home.

Let's look at your situation LOGICALLY:)OPTION #1With your combined $100k for a down payment, you could buy a $1M+ SFR home in California. 

You will literally never get a good product from guys like this.Second -  Never, never. never let the Contractor get ahead of you in the progress payments.

That being said, they can do this with peace of mind because they have a resourceful and reliable team in place (agent, contractor, property manager, lender).

We have a lender saying we cant use cash as a down payment for a house, and that we would have to distribute the money to family/friends bank accounts then get them to wire the funds to the the lender.