Basically the house was built as part of a "tract", which consists of many lots.

They should be consistent. 

Hey all, I was wondering if anyone had any thoughts one what the maximum percent is that is good practice to invest into one single investment.

It is in a small 8-unit community that consists of three buildings:  2 duplex-style buildings on the left and right, and an L-shaped 4-plex in the middle.After purchasing, I asked for and received the past 7 years of HOA documents (as this is the right of all property owners according to bylaws). 

A common practice for some turnkey providers is to list a cap rate that is superior to CA returns but well below average for the area. 

My husband and I are about to purchase a dental practice but I’m also eager to start investing in real estate.

As a newbie, I’m looking to understand the best way to go about house hacking and then move onto the next property and create a consistent cash flow.

I am just not a fan of financing deal after deal after deal... that practice will get most investors in trouble very quickly.

It depends on your location, size of property, purchase price, nightly rate you can get, your upkeep of the property, and many other factors.If your unit shows well in photos and if you build up some good reviews in the first months, and your pricing is reasonable, it will be consistently rented.We have 3 of them, and all less than 1 year so the jury is still out, but in our experience so far, the startup and ongoing costs have been higher than expected, but all are getting good reviews, so in year 2 (now that they are stable) we expect to do pretty well.You have to make sure your town allows it, and you have to decide if you will manage it yourself and take on that extra work (communicating with the guests and people who will clean/make repairs) or if you will hire a property manager, which can be expensive, upwards of 25%.

As a business practice, just don't.