Opportunity to update units and reduce costs.

This is another great way that you can reduce or eliminate your housing expenses or even create income. 

House hacking is about reducing your monthly housing expenses.

That means you have to have a bank of expensive batteries and reduce power consumption at night when you need more power or simply revert to your normal power supply. 

Stay on top of all the dates you need to appear in court, send notices, etc to try and reduce the months and months it could possibly take to get them out!

Especially if by deciding to allow agents to bring potential renters in, I were to reduce my days on market...holding all else equal, in the event that I did procure the ultimate renter through an agent, all it took was 14 days of incremental days on market to reach a "breakeven point".

If you insure to less than 80% of the value, the loss is reduced by the relation of the limit to the actual RC. 

At least it greatly reduces the risk of partiers... 

In the future, to reduce exposure, I would probably rent through a LLC - either a large place in an awkward spot (i.e. on a busy street, not surrounded by homes) or a commercial office that was previously a home and turn it back into a residence.Hope this answer helps.Best,Dave

@Miguel HernandezI would speak to your cpa but also want to clarify that real estate let’s you “defer” taxes but not lower themA classic example is depreciation which you can reduce your tax liability each year by depreciating the property but for tax purposes this lowers your tax basis so when you sell you are then paying those deferred taxesIt helps because you can invest those funds etc or do a 1031 exchange and continue to defer the taxes but eventually you will have to pay.