I imagine there’s a different dynamic with tenants sharing common spaces, so I’d love to get your insights on how to manage this aspect effectively.Thanks for sharing your experience, looking forward to learning more!

I don't expect to know everything by then, but I hope to develop a basic strategy that prevents me from making the most common and costly mistakes that a newbie can make.

There's a specific forum for House Hacking.You'll want to spend some time reading through there as it's a common topic.

Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.

@Jonathan SmallThese are just general and common knowledge about Florida known to most. 

Verify credit, employment, etc for you. 6) I would definitely want noise (quiet hours), guests, and treatment of common areas covered. 7) We've used Rent Manager as it focuses more on the financials which I think is super important.

In real estate, blunt honesty often protects people from common pitfalls or predatory advice that oversimplifies the challenges of investing.

Another common problem is poor due diligence—jumping into deals without verifying the borrower or collateral often leads to future regrets.I’ve also seen over-leveraged borrowers cause trouble, prioritizing other creditors over private lenders.

It's expected and common for MTRs to have utilities included.

Are there any red flags or common mistakes investors should avoid when reaching out?