I'm moving to Tampa and would like to house hack a multifamily.

With as much talk about creating affordable housing in Colorado Springs, there is going to have be some discussion about how to address these rising costs in housing that are not directly related to the sales price of the home.I wish I had a better answer for you, but this is going to be an issue for HOA's in the area for years to come...

They can be an extra set of eyes if anything happens.2.

They seem to ask for the right information to set up the note in their system.

Any company insuring your properties without an inspection most likely has a clause buried deep in their policy allowing them to deny claims for conditions found on the property that do not meet their UW standards and they will deny you claim based on "the house should have not been insured with them anyway".Although the inspections can be annoying look at it from the other side.You pay them 1000 to 3000 a year to insure a rental property where they agree to pay out possibly hundreds of thousands of dollars if it burns down or up to 1 million if a tenant slips on a bananna peel and falls down the steps or the tenants dog bites someone and since you didn't enforce the tenant having their own renters policy to cover the dog bite the landlord's policy is paying out.The insurance company is very much like your rich uncle backing your business venture - you run the business, he takes on the financial risk from disasters, and doesn't even get a say in who lives in the property.Your rich uncle asking you to fix the steps, put up a handrail, etc which is in your and his best interest long term.Do you really want to rent out a property with a busted front step and a bad roof that is going to leak sooner than later?

The cash flow houses help me to hold on for the long haul, while the appreciation houses enable me to buy more houses.  

Purchase price: $33,000 Cash invested: $6,000 3/2 on a quarter-acre lot in a rural setting.

I am currently in the homebuying process, looking to close on the house in the next few months and house hack it.

Purchase price: $350,000 Cash invested: $250,000 Sale price: $2,000,000 Entitled land flip. 70 workforce housing units and 8300 sf of commercial space.

I’m also exploring the idea of starting a nonprofit dedicated to this mission—helping youth get acclimated to real estate investing and setting them up for a financially secure future.If anyone in this community is interested in contributing or being involved in such a venture, I’d love to connect and discuss how we can make a bigger impact together.