If the slope/uneven floors aren't too bad I wouldn't mess with it, just make sure the joists are good and that they haven't been cut or broken, if there has been normal shrinking/settling thats common . 

You will be cutting into your cashflow as well if you pull a HELOC and fund the down payments that way. 

Define it in a contract with an attorney, have an exit plan and clear cut responsibilities or accountability structure. 

I would recommend finding some local meetups and also that you listen to the Straight Up Chicago Investor's podcast that @Tom Shallcross and @Mark Ainley host. 

Of course, the purchase price also goes up so it's not always that straight forward.

If not that won't really be a problem but it sure would cut down on the CPA bill if I could use one instead of several.

Hopefully opt 3 makes the cut!

I'm assuming with a straight-forward yearly rental (with leases) it's easier to get the mortgage than with just a few months of STR income.

Trying to save or cut management expenses without cause may cost more in the long run.TIP: Review the seller’s operating statements in detail to identify their management and staffing costs.

Hi all, I'm hoping to move to the US hopefully this year (Tampa) and would ideally like to get into a house hack/my own property straight away as rent is rather expensive.