A 6% cap rate would be horrible in some markets, but it'd be fantastic is LA.

Estates are a great way to find homes to flip if you don't mind more rehab due to deferred maintenanceDIY is definitely the way to go but only when your skills are up to par and you pull appropriate permits to avoid hassles later in the transactionA live-in flip is a fantastic way to reduce/eliminate costs Get an insurance policy that's in effect on Day 1.

Hi, I was looking into house hacking as a way to start my investing career, any advice or tips would fantastic.

Also the excel spreadsheet was a fantastic idea, i plan to get a VA to sort through everything and i want to try and find the best route.

This was fantastic news, because it was in the middle of a 4 or so day stretch where the temp did not get above 0 degrees.

thanks @Rex Ashbaugh, that's a fantastic point about returns.

It will NOT drop when you hit a 20% equity like it did in the past.I researched the areas (schools, access to highways mostly) and I found that the Mesa Park area is fantastic for my aim of initially living in then renting out my primary residence.I bought the home around May/June which was the up swing of the market, now you can find homes for 10-15k under list price.

Which would be fantastic but most everyone I know has a harder time finding the funds than finding the deals.  

The resources here are fantastic.  

The challenge, of course, is that the units need to be filled and the value is tied up in equity and not cash in our pockets).To be clear, the property managers have done a fantastic job with the other aspects of property management: maintenance requests (and there have been a lot) have been responded to promptly, data is readily available, we’re able to jump on the phones often.