I have done two moderately successful local BRRRRs and it would have been impossible to do them the way I did it out-of-state.I also house-hack my own residence and I can't recommend it enough for a beginner if everyone you live with is on board.

Some simply care about the value, condition, and DSCR others will look at DSCR + Personal and Business Income and will use a global cashflow ratio.  

I have intentionally built a healthy owner-tenant relationship over time, and I find that based on the mutual trust component, she cares for the property better than any other tenant I have had. 

. - Be careful not to let the "tax tail" wag the dog.

I don't care how much a property appreciates, it can never catch up to those "exponential" losses. 

Hello,I reside in Orlando and I'm currently exploring properties in Florida.

But if the home is taken care of it will appreciate, just not as much as a single family or condo.  

I would probably keep the other house regardless of what I do because of the low interest rate.I am now wondering if I should hire a Qualified Intermediary (my realtor calls this an "Accomodater") so I have the option to buy a one level rental, stay where I am at, and if in the future I am unable to live in the two level home I am currently living in (our second home that is my primary residence), convert the rental to a primary residence.

🌎 Hi friends, I am originally from AZ but reside in NC.

Trusts are typically done as part of a full estate plan that includes other documents to cover you in different situations like Wills, Powers of Attorney, Advance Health Care Directives, etc.