@William CoetI would be very careful providing sellers tax advice as you don’t know their situation.

If you are not comfortable with your accountant or how he is preparing/explaining your return, you may need a new accountant. 

Just depends on what your comfort level and willing to dive in the deep end.If your open to higher price range I would tell you to try and stay in the multifamily since it helps offer more rents per month under one mortgage, tax bill and insurance policy.

Hello RE investors,I owned several duplex/triplex rental properties in San Diego, and Nationwide is our commercial insurance provider.

This content is from a article I am just about to release to the digital community....A property management company provides valuable advantages for the self-managing landlordTime and Effort – It takes a lot of work to prepare and rent out a property for residential use.

This means I provide balance and keeps everything in check. 

Can you provide more details how this should be done?

@Michael Smythe He hasn’t used BP cost calculators but does provide rough numbers to help determine whether the property will cover the mortgage and even potentially cash flow.

While it may not always provide immediate positive cash flow, the long-term benefits of owning a property that is generating rental income while also providing a place to live can be significant.When considering the ROI of house hacking, it’s important to look beyond just the monthly cash flow.

They also provide tax services which I do not use, too expensive, and help you establish lines of credit for your business.