🏠I’m thrilled to join this vibrant community of real estate enthusiasts and professionals.

The concept here is to get to the point where your tenants pay for your housing expenses, which should give you some excess income to save and invest.These initial steps could get you to a point where you have a few doors and maybe even have your tenants covering your own housing expenses.Think carefully about selling, it seems counter-productive if you want to be an investor.

Build a team that includes qualified realtor, real estate attorney, asset protection attorney, insurance professional, contractors, handyman, and others.

What most fail to realize is the STR model is more of a business operation whereas a lender cares about the fundamentals of the real estate.

Buy a couple rentals, quit your job and travel the world is not realistic (anymore).As a city we have a lot of problems with OOS investors who do not take care of their properties. 

Also try Mr Clean magic eraser before you paint as it takes a lot of scuff marks off.Normally a house is broom swept and carpets have been professionally cleaned, so if the house hasn't been swept and there is garbage left behind, charge for clean up-same if you need to get a carpet cleaner in. 

Consult with a tax professional to understand the tax implications of house hacking.Long-Term Strategy: House hacking through basement rental can be a long-term wealth-building strategy.

However, it's important to ensure that all requirements for a valid 1031 exchange are met, including identifying replacement property within 45 days of the sale and completing the exchange within 180 days.I would suggest you get with a real estate focused accountant asap to take care of this.

You can find them on FB marketplace too, but be careful - there are many scammers out there.

It is important that you hire professionals who have experience working with foreign investors.