We currently live there.

As a first-time house hacker you want to maximize your revenue and minimize your living space to make the most.Also, there are 2+1 units which are 2 legal units and a 3rd boarder unit (either in the basement or the attic).

The area I live in has no restrictions on how much you can raise the rent, but I will not be raising them all the way to what each unit should be renting for because they are great tenants.

I am looking at 2- and 3-family properties in towns closeby, where the taxes and rents are different, and do not want to ask the lender to run the numbers for every option.If anyone can help me figure this out, I would greatly appreciate it.Hi Mohammad, I work and live in the Boston market.

Conclude with: The wonderful neighborhood in which you chose to live has many longtime vigilant residents who do not want their way of life to change.

We are purchasing a house with the intention of living in the house for a year and turning the property into a rental.

A relative lives there now and has a few units giving a regular cash flow but they say the market is over saturated.

Tell him you do not want to renew/extend and move on.

I live in a smaller and older suburb of Fort Worth where I am less likely to get tracked down (I see evidence of work on properties all around me that are clearly not permitted or up to code), but also know that the specs on the house will change with the appraisal district once I get the property refinanced. 

I live in S pringville, UT.