House hacking, especially in a high-demand area like the Portland metro area, can be an excellent strategy for building wealth and creating passive income.

But it is generally a bad idea to discuss litigation strategy in a public forum using your real name.

I am in similar boat as Carolyn, starting out in Detroit and looking for recommendations and contacts of realtors, property managers, insurance agents.

We are at likely record high price to rent ratios (like much of the country) without much upside on rent growth in the mid-term paired with steeply rising taxes, financing, and insurance costs.

Diversification is a business strategy for risk aversion.

WIth that investment capital, one strategy to consider is a small boutique hotel with commercial zoning?

Question coming from someone who spends more time with data as an investor: is looking at listings from a propwire, propstream, etc. sufficient for your investment strategies.

For $200 more than your mortgage-will that cover your expenses (taxes, insurance, maintenance, etc)?

I'm excited to dive into the others next, including "Set for Life" you suggested.I'm particularly intrigued by the house hacking strategy and plan to explore that further.

All of the risks that come from illegal units are related to tenants creating issues or insurance problems.