@Mike Dacc Would living in an apartment save you money over living in the first unit of the duplex?

You'd actually be saving money with the interest AND he might feel like he's getting a great deal at 300k.

I believe that this exemption can only be implemented in a house hack or primary residence so just looking for anyone with experience doing this and if it is helpful in cost savings.

Get professional tax advice, but I think it would save you a bundle to live in it, refi to get your money out, and get homeowner tax break when/if you sell.

This tip will save you from financial alot of stress in which I endured and cut my teeth on.

.)* Reserves - savings from each rent payment for future expensesIf you wanted to use more like a PM, you could set up an online form for tenants to input requests and include attachments and track maintenance through it.Hope that helps.PS - I still use Excel for projections/modeling

A lot of that occurred after the recession or in very rough markets, or extremely rural markets.Now if you are talking a normal market, and an investor who is not already independently wealthy from some other business and has a ton of cash to spend, I imagine the podcast episode would sound like this:Host - Tell me how you got started.Guest - I saved up cash until I had enough for my first investment.

We were able to save about $44k because we negotiated the price down.

So, hopefully it almost never exceeds that and saves you the hassle of dealing with collecting a separate payment for the electric bill.

Read read read save save save it'll build confidence to.. have some money put aside and then pull the trigger...