Even then it should be gravy.On income it doesn't look too bad on the surface.

Hi Guys, I live at the Jersey shore and love playing beach volleyball in the summer.

Too bad that Lloyd's would not insure your buyers' property.

How do you guys usually deal with this? 

Been analyzing deals for over a year now, and want to hear what you guys aim to achieve when house hacking.

Is it time to dump the bad real estate investment?

I do deals with guys from Austin Texas, dallas taxes, florida, New York, California because they are capital markets and we are one of the cheapest states not just for existing inventory but new construction as well. just my two cents. if you like the market here don't listen to other investors or agents get closer to the deal centers.

Hey just wondering if any of you guys have any house hacking excel sheet or calculators that help determine what your cashflow will be?

We currently have the below "bad debt" positions:Student loans - 50k (6%)Car loan - 29k (7.09%)2nd lien (current primary home) - 80k (6.08%)401k loan - 30k (9% - paid to yourself)401k loan - 20k (9.25% paid to yourself)Household income of 267k (not including bonus), roughly 100k cash currently and save around 6k a month not including yearly bonus's (33k + 14k = 47k net/yr) + 72k/yr (6k/mo x12) savings = 119k total net savings per year (rough estimate not including current rental)Should we pay off existing debt with the exception of our home loans (not including 2nd lien) or invest in a 250k townhome* that can rent anywhere from $2,000-$2,750/mo?

Based on your other applicant it sounds like you are priced correctly but when people start asking for discounts up front which is fairly common I see that as a bad sign and move on.