Then you get a call from Pro Seniors or Housing Opportunities Made Equal.

Short-term sacrifices and delaying gratification will bring you abundance later in life.Definitely take advantage of your first-time home buying benefits and consider house hacking a duplex or 4-plex.

going to depend on age of house how extensive updates, etc, etc, etc, there is no short cut number that will work 

Thanks D  Effectively, if you use a 1031 exchange, think of it similar to the replacement property doesn't exist for tax purposes and you kept the old one.

Vegas is great for rent-by-the-room style house hacks and MTRs. 

Lender Fees $1,640.00Discount Points $4,680.00Appraisal Fees $825.00Credit Report Fee $25.00Tax Service $68.00Credit Technology and Verification Fee $75.00Title Fees $836.50Owner's Title Insurance $513.00Lender's Title Insurance $2,507.00Transfer Taxes $9,626.00Recording Fees $519.50Total Closing Costs $21,315.00Prepaid Interest 2 days @ $87.53 /day $175.061 year Insurance Premium $1,500.00Property Taxes $3,632.04Insurance Escrow Reserves 2 months @ $125.00 /month $250.00Tax Escrow Reserves 2 months @ $302.67 /month $605.34Total Loan Prepaids $6,162.44Down Payment $90,000.00Total Estimated Due at Closing $117,477.44Loan ProgramPurchase Price $450,000.00Total Loan Amount $360,000.00Interest Rate 8.875%APR 8.337%Product Indigo Edge NonQM 30 Yr FixedYour Monthly housing breakdownPrincipal & Interest: $2,864.32Insurance: $125.00Taxes: $302.67TOTAL $3,291.99

Generally, your idea is a good idea since you’re really leveraging your housing allowance to build equity and wealth. 

The housing authority is paying rent on behalf of this tenant.

I’m an STR for 17 listings in San Antonio and you gotta compete, especially if you’re getting a standard 3/2 house.  

We are doing some new vinyl plank flooring (not through the entire house), paint on the main floor, minor electrical work, replacing a door, new ceiling fan, minor plumbing, etc..