I currently have (1) duplex that i'm house hacking in, collecting about half the mortgage as payment and covering the other half with my day job income.

Therefore, we have discussed going the section 8 route so it would be a win/win, with us being able to collect the market rent and the tenants can stay.

If you're showing units, executing Leases, collecting rent, etc...all of that requires a license.

That is, rent rates, deals, collections, etc..

In other words - whether collectively or not, we each have 9 left?

My question to the forum is this:Q: Because I failed to set the tone of managing the property like a business (office hours, system for collecting rent, etc.) should I let the lease of the current tenants run out and get new ones in?

Let me know what you think.As a matter of information, smoking is prohibited inside our rental units.If you decide that the apartment would meet your needs and wish to proceed with the application process, a “deposit to hold” binder equal to a month’s rent would need to be collected at that time.

Buy SFH for $850K with 7K sqft lot, and install a 2 bd ADU for additional $100K costWe see here on BP that a lot of people are saying that OC is overpriced, and people should wait for the next downturn to jump in.At the same time, we’ve got this cash just sitting there collecting 1% interest…and a baby coming.

Here is what I collected as "warnings" or lessons (from various sources and some experienced myself) about foundation problems and/or repairs:1.

Purchase price: $470,000 Cash invested: $10,000 Bought a house in paradise with a separate ¨In-Law¨ suite to collect $1,000/mo What made you interested in investing in this type of deal?