Because of this, many investors see this strategy as a win in 2 ways:  first, they are able to invest 100% of their gains into another investment vehicle without paying tax and therefore gain the benefit of 100% of their capital's exposure to the new investment; and second, they are essentially creating tax arbitrage between their tax bracket rate and the flat recapture rate. 

Postal Service address,Voter Registration Card,Federal and state tax returns, andDriver's license or car registration.The home is near:Where you work,Where you bank,The residence of one or more family members, andRecreational clubs or religious organizations of which you are a member."

This doesn't sound like a class A or B area at that price hence you're playing the cash flow card and not the appreciation play so ensure the cash flow is worth it. 

But no way can you rent it back to relatives in a win win deal.  

You're not going to win any case by showing a PA DMJ pictures of clearly damaged doors and windows and insisting that you won't fix them as long as the tenants are smoking inside.

Tough to win that battle.Just my thoughts.....hopefully you prove me wrong and make all kinds of cash on the PM business and are able to create automation and outsourcing to handle all the work at minimal expense with lots of profit.

@Bronson SimmonsGenerally you should look for someone who sells at least 10 properties annually in the area that you are looking to buy.Someone local doing that much business or more will be able to explain what it takes to win offers in that area. 

If you're looking for property with an investment mindset you'll be able to find a good deal that will produce income and gain equity and for a house hack property, that's a WIN!

In those very unlikely cases you’d lose but would win out over the course of the portfolio.  

The applicant has to have a bank account and a credit card account, both with an available balance of $800.