Investment Info:Small multi-family (2-4 units) buy & hold investment.Purchase price: $247,900Cash invested: $19,000Closed on my 3rd house hack in January 2024 and wow this one has been quite the property.  

I may also need to take out a small loan/line of credit to complete the house, depending on how far my money stretches. 

I've decided to take my experience to the next level and venture into flipping houses myself and hoping to see it become more full-time in the future.  

My goal is to buy the house, terminate the section 8 lease as soon as possible (at the lease term, to avoid eviction process), and search myself for other better tenants.

So we will go from a record low unemployment rate of 3.8% to a probably never seen before high.We always say housing is a basic need and therefore we will always have a viable business model.

We’ve owned the house for 20+ years and have great equity in the house, which was built in 1997.

If you don't, you lose out on a lot of income and there's a risk that Vrbo and Airbnb might drop you in their algorithms.When I built my cabins, I placed them on the right hand side of the lot so that I would have room to build a small pool house someday (about the size of a two car garage).

Absent it being mandatory I would just go through with the eviction there are far too many good tenants out there looking for quality housing to waste time on one who burnt me.  

House is habitable on day of close through contractors will be working there.

Were you planning on house hacking your first?