Also, as mentioned above, this is a great way to start building relationships with small local credit unions and banks which offer the best loan products for investors. 

When you build your portfolio as you know you have to have a professional relationship with them.

It adds a personal touch and helps guests feel more at home.Things to Be Aware OfLocal Regulations: Check local short-term rental regulations, including permits, taxes, and any zoning laws that may affect your ability to rent the property.Cleaning and Maintenance: Short-term rentals require frequent cleaning and upkeep.

I'm going to rain on your parade.Mortgage and HOA fees will be around $31,000 but you haven't accounted for furnishings, utilities, WiFi, maintenance, taxes, and other expenses.

As you start to build your skills, network, and systems, it will start to snowball.

I got it through a tax sell.

The home and two adjacent parcels were all part of the original tax parcel which was subdivided.

I purchased the tax lien in 2019.

I love the idea of house hacking, as for it is a way to build equity while minimizing expenses. 

The builders that we work with are building in areas of obvious population growth.