House hacking is such a smart way to get started, and your focus on value-add opportunities will set you up for success.

They’re upfront about timelines, costs, and any hiccups that might pop up.

I’ve had most luck with signs in front of my plaza and word of mouth - networking at Chamber of Commerce and chatting with other business owners in the area.

Even 600k loan at 10% interest costs $165 a day.

Yearly increasing costs will, in time, eat up any profit they have per unit.

Did they give you an agreement or contract that you signed?

In this area MTR works well, also signing slightly longer term rentals for the school year and then doing a couple month long MTR for the summer has worked for me in the past.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

I’ve not drove up to Sherman yet so didn’t think much of it until I started reading about the chip factory going in.

Every market will vary due to labor costs.