Since your family member is paying the PITI, there could be questions about whether these payments constitute rental income or gifts.If you're the legal owner, proceeds from the sale would typically go to you.

Need suggestions on cash out refi for MH or some wisdom from the group.

I could cash flow $300/month at the rent I'm asking for on Marketplace (I listed it higher than I thought I'd be able to get).

I am now back, sitting on cash and looking to invest in Pittsburgh first, then surrounding areas.

Hey @Henry Lazerow - I would tend to agree that most of the NW side of Chicago 2-4 units don't play out perfectly well for BRRRR deals.I always looked at any potential house hack vs. having to rent - if my overall payments were less than the rent I generally considered that a win.For me...the house hack is just the ticket into the amusement park and then the fun rides come after...getting started can be overwhelming and hard so I can see why people might take a discount.I think one of the keys to strong equity creation is square footage creation which is basically what you outlined with duplexing up or down.

The interest rate obviously won't be as good but maybe you can find a deal with minimal cash down.

I'd like to acquire one for say 60k with a 20% down-payment of 12k.

By accelerating your depreciation schedules, you reduce your taxable income which in turn increases your operating cash flow.

@Alfath Ahmed I have heard good things about the current market in Columbus, however, cash-flow through buy and hold is what I am after currently.

Both are bigger house though.I did some research and it seems like the person that lived there owed $285k total and couldn’t make the payments.