Fly out there, drive the streets, meet with potential team members, talk with local investors, etc. - Not to mention you'll avoid the headaches of California Tenant friendly laws!

I believe the DLBA offers it to the next highest bidder.One other potential scenario is the winning buyer was willing to pay ~$100,000 for this house AND they are a city employee or has a relative that is a city employee.

Including, but not limited to, contractors, lenders, wholesalers, potential sellers, potential buyers, attorneys, title company, inspectors (all types!)

Think all the expenses and potential income of the property.

And potentially you can open another LLC that is the Airbnb Business that rents from you as the owner to try and write off a little more and try and get a double tax break but it's twice the work.

You might also meet someone that could be a potential business partner.

Here, you'll be able to sift through potential callers on your own and maybe even try them out for a short time before making a commitment.

Selecting areas: Look for neighborhoods with high growth potential, amenities, and public transit when choosing places for house hacking, especially in big cities like NYC.

Purchase price: $225,000 Cash invested: $245,000 Older neighborhood with a ton of potential.

Here are some insights and potential options to consider:Policy Limitations: It's not uncommon for mortgage lenders to have policies that only allow transfers to an LLC under specific circumstances, such as if the property is your primary residence.