We assume it's from the massive competition in the market.We listed our place on Airbnb for funsies and got bookings there.My conclusion is that the "traveling nurse" market is better suited for 1-2 bedroom townhomes and condos. 

How can I use that equity to buy a rental property?

Hi BP,Im trying to figure out if I should look into using a HELOC on my parents home to buy a rental property in cash.

I would then plan to use this forced equity (since I plan to buy a fixer upper) to invest in another home.I have been constantly reading to househack right into the MFH, but this may take some time for me to acquire the money and purchasing power.

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

I just wanted to get some insight on how common it is to request mold tests prior to purchasing a property and testing for mold with long term buy and holds in this climate.Thank you in advance! 

When running numbers to buy a place, I plug in$5,000.00 per unit to separate.

Are you looking to get an investment property at 20% down or a primary residence you can house hack (rent the rooms in the house you are living in), or a primary residence (better for people who are married/have kids/don't want roommates) where you live in it for 12 months then rent it when you buy your next property to repeat the process.

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BUT, if I could potentially get the seller to buy down my interest rate in closing, that could increase my ROI to just over 11% and increase monthly cashflow by ~$45.Thoughts?