Think of house hacking revenues and privacy on a spectrum and broadly speaking they go in opposite directions.

Using debt, otherwise known as leverage, can work, seemingly like magic sometimes, while other times, more like a freefall into hell, which is known broadly as risk.

Our contract (which is for large, multi-faceted projects) says that final payment is due upon substantial completion.We define substantial completion in a few different ways...* The final building inspection has been passed (This is a big one, and we are pretty strict about it)* The space is ready for its intended use with no work being required that is ongoing or requiring of regular access (This keeps someone from denying us payment over a single door knob or a minor paint touch up or something like that)* In instances where the homeowner has moved out of the space, re-occupation may constitute substantial completion (This is more for when we deal with homeowners.

Who gets to define the greater good?

While I waited I did the opposite and stuck nearly all of my capital into equities with close to the same balance as you, I used the broad index as my saving account which paid off quite a bit.Finding a primary or even a househack in NYC or even parts of NJ was a struggle for me a few years ago because I couldn't find a deal that I was really satisfied with.

Get the new leases(yours) signed2.clearly define the property rules (in writing) pets/vehicles, use of out buildings3.be fair and firm, and manage them, up or out over the next year or so.Took us some time, but we got rid of the problem tenants, remodeled and increased rent, and cash flow.One tenant is still with us, almost ten years later.Hope that helps..

How you're positioned during a time of uncertainty is ultimately what defines you as an investor, a business owner and entrepreneur.The biggest problem I see with most business owners is that they dive head-first into a situation thinking that "if this goes right, this goes right, and this goes right, we're going to make a killing." 

First you need to define "commercial."

First you need to define "commercial." 

They opened this loan up to independent contractors last Friday, the 10th, and define "payroll" as our commissions/wages.