.💬 Ask in the right forum – If you’re looking for financial advice, head over to the Finance, Tax, and Legal forum.

And must be pretty significant unreported income if it would have caused $45k in state tax liability.You advised your client to wait past the expiration of state statute.

My monthly payments (mortgage, insurance, taxes) are roughly $3,600, leaving me netting about $4,600/month.I have four years left until military retirement, after which I’ll have a pension, some disability income, and rental income from this property.

The pricing for Real Estate is way out of whack due to no supply so everything is over priced right now and not sure if worth the house hack. 

Happy to give input in underwriting and due diligence.  

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too

I've paid my dues in multiple different programs through the years and I've had some amazing experiences as a result and some not so good ones.  

This will also allow you to avoid taxes on the sale.

Quote from @Chan Park: The first leak was allegedly due to bad caulk.

They pay rent before the due date, clean the property after every client, and if something breaks they usually repair it before I'm aware because their clients will give them bad ratings.