Generally, your idea is a good idea since you’re really leveraging your housing allowance to build equity and wealth. 

Stay consistent for fair housing.

@Christopher 'Bear' DeSanctis Lenders generally reduce gross rent, such as a $100,000 annual rental income, by up to 40% for expenses, leaving 60% or $60,000 as the Net Operating Income (NOI), which lenders utilize to calculate the Debt Service Coverage Ratio (DSCR).

The new owner had it checked out and it ended up being the septic line from the tank to the house was never done 🙄. 

The current flip I’m working on is rehabbing the main house and building an ADU utilizing the detached garage with Alley access.

It could be heat in the winter(in Michigan) or AC in the summer (imagine them running AC at 70 degrees all summer in Phoenix) or just general disregard for leaving lights on and things like that.

Still trying to find a house in Chapel Hill for our 2 UNC student daughters.

I wanted to know if it would be wise to buy a reasonably priced home and do house hacking.

Hi everyone I am a newbie house hack and I am getting all the numbers together to see if we can make this current house work for us.We bought this house overpriced two years ago when we moved from AZ. during the height of COVID.

My educational background includes a Bachelor of Business Administration (BBA) in finance, a commercial real estate certificate, and a minor in building construction and project management, with a focus on energy-efficient housing.