Early house hackers often start small, learning property management firsthand.

Hi, I have a landlord's policy with Farmers Insurance; the rental property is a single-family. 

How much confidence do you have in yourself to attract guests to your property?

I'm still awaiting receipt of November's rent from Wake County Housing Authority for a property in Raleigh, NC - that I manage on behalf of a client, who I aided in buying the property as his Realtor. 

You mention using the funds as a down-payment on a property. 

Ensure you research local market conditions to ensure your fee aligns with property values, usually aiming for $5–$20k or 5–10% of the property’s ARV.

To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.

As others have mentioned, you will be able to take bonus depreciation, for certain assets, which won't be pro-rated.When you get the cost segregation study, it will break down the home into several buckets39 year property, 15 year property, 7 year property, 5 year property and land.The remaining assets will be pro-rated when it is placed into service.For example, a building placed into service in January will have a higher depreciation expense than the same building placed into service in November.Best of luck.

Hi Hunter.Hopefully I have some good answers for you regarding our doctor program.Employment start date must be with 90 days of loan closing.Min Fico 720Max DTI of 43% 6 months reserves on subject property and the other properties you own.5% down on $400k to 1.5M10% down on 1.5M to 2MWill be an ARMNo mortgage insuranceSFR, Condo, Townhome, PUDs only no MultiunitsLet me know if you have any other questions!

@Eugene BrownTo expand your property portfolio, leverage equity or savings, explore multi-unit and single-family properties, and consider the BRRRR Strategy.