Download the free calculator here.After seeing these numbers our client’s often want to house hack, but are concerned they can’t afford the downpayment or qualify for a mortgage loan.

If the numbers makes sense, which likely they will since you inherited the property and there is no mortgage, then renting it out debt free could be a great move right now. 

However with credit card payments they do get hit with a fee unlike ACH payments which are free. 

House hacking is what I did in Columbus, Ohio when I started investing in 2020.Good luck on your journey and feel free to reach out if you ever need any guidance or advice.

An LLC is not free.

Feel free to well wish if nothing else.

They may be living there for free during the foreclosure/eviction process, and you'd still need to cover your expenses on the property out of pocket, and foreclosures can take many months or even years, and the property may come back to you in much worse condition than it is now.

I want to finish my ADU project this year so I can be financially free.

If you have specific questions or need further guidance on any aspect, feel free to ask the community.

We also run a free meetup every month in Westbury, NY if you're interested as well.