I don't anticipate needing any capital repairs in the 3 months between purchase and January as the units are in good condition and rentable now.It is also a possibility to do a HML rehab loan as the house does need about 15 windows (houses in this area are all old victorians built in 1800's), this would only require 10% down.

Leases are for LTR properties.I don't use much of any paid 3rd party software and my house is pretty much on auto pilot.

I’m hoping to find somebody in the area who flips or remodels houses and can give us some ideas and may have some connections to some guys that can help with the project.

@Heather SzucsI host a monthly meetup, as many have suggested networking is a great way to get started.Zeppelin stationThursday Aug 29th6-8pmJoin me at Real Estate Meetup | Short Term Rentals | House Hacking | Investment Properties https://meetu.ps/e/NnWvj/Q4Gbf/i

I have my doubts that anyone reaches that plateau & can only assume your $200 monthly license fee continues until you reach that or quit the program but these are just assumptions at this point as I decided this was not the opportunity for me.

To continue this discussion, do you think millennials should house hack or live with their parents?

The cost of housing has exploded. 

They found a house they liked in a neighborhood they liked, they bought it, and they held on.

(I have a general contractors license in CA) I would say about 4 of them have 100k+ of untapped equity since we never did any cashout refi.Question:Our cash savings currently is about 250k free and clear, My question here is should I give up the IT business, focus on buying 1 house cash, spend my time on rehabbing the house, (guessing 2-4 months is what that would take), do the other RRR parts and build more wealth this way.

While I was in Pittsburgh playing football, I got my real estate license and started selling houses.