I was a terrible negotiator, but I figured, anything under or at asking would be sufficient.

I was a terrible negotiator, but I figured, anything under or at asking would be sufficient.

We typically pay somewhere in the range of $3500 for a new, basic furnance, including install, if there are no other modifications to the system required.  

It's a range and depends on the property type, location, end condition and rental strategy. 

If you don’t mind sharing, what’s the average price range in the area where you are house hacking?

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

After 5 years, my wife and I decided to make a change and moved to Nashville TN where I work as a project manager on projects ranging from several million on up to around 300 million.

There are several articles that do an exceptional job of explaining who, what, where, why and how tax payers qualify for the ‘STR Loophole’ listed here:The Short Term Rental Tax Loop Hole: A Game Changer for W-2 Wage EarnersThe Short Term Tax Rental Loop Hole: What Investors need to know The implications on the Oregon and California Coastal STR market is a strengthening buyer pool for luxury rentals in the $750-1.5M+ range.

Along with not having sufficient funds to operate their real estate they fail to consider what happens when the property must be refinanced.