Other times renovate to rent.

They will be filing my 1099 for me to the IRS.In general, what tips and recommendations do you have that I should keep in mind in my first year of renting, and for a first time, hands-off landlord?

If it counts as your primary while you’re renting out rooms you get the full $500k.

If we get to know your name due to payment issues, we raise your rent. 

Will the rents be able to be increased with new local investments in the economy? 

It would be possible to rent by the room with a single family around the 250k range but that is also with a big project.

I recently purchased a primary home in LA County Sept 2023 (only put 5% to do renovations and have an interest rate of 7.25%; I rent out back unit when we are out of town and intend to rent out main house eventually).

These channels cover deal analysis, multi-family properties, house hacking, and section 8 renting.

We bought a rental property 2 years ago and it took us a year to renovate so we are in our first year of renting. 

I would just follow David Greene's method in his book on the topic: https://www.amazon.com/Buy-Rehab-Rent-Refinance-Repeat/dp/B0...Or could you check out my video on the topic which in my biased opinion is pretty good: