You might need to build that skillset to show those family/friends you are able to do it.

@Jacob HavlovickCongrats on purchasing your first duplex and starting your house-hacking journey—this is a huge step toward building wealth!

Wanted to still be close to family but maintain a cheaper lifestyle, still have strong appreciation, and much better tenant/landlord laws, taxes, etc. 

Build a strong brand, leverage content marketing, and establish a personal brand to attract investors and build credibility.

Keep going though, being young you have time to build a beautiful thing in RE

If you are taking the tax write off, you are acknowledging you are paying the debt.

I recently completed one on a multifamily property and found it to be a cost-effective approach.That said, there are a couple of additional factors to consider beyond the code differences between a garage conversion and new construction:Coastal Overlay Zones – If your property is in a coastal overlay, building a ground-up ADU may require Coastal Commission review, which can add time and complexity to the process.

Currently looking to beat $1800/yr for 2023 build SFH in Pensacola.

If you prefer to stay local and build equity, house hacking a duplex or triplex in Fort Lauderdale could work, especially if you can add an STR component to boost income.

I'm looking to build a fix and flip business and I need a ton of knowledge.