.- When house hacking, be sure to establish a good relationship with your tenants, but avoid "being friends".

@Carleton T.When I partner on deals, the way I typically do it is put the house into a Land Trust and have the beneficial interest of the trust spell out the percentage of ownership.

Hi AllI'm on my neighborhood association's problem properties community and we are tracking a large property in Kansas City, owned and managed by an out-of-state investor, who is delinquent on taxes and has multiple housing and health code violations.

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

Homes that appeal to our target tenant segment range from $320,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandPopulation growth drives housing demand.

You can fix it up but to owner occupy and update I think that wouldn't be allowed. 

I bought a lake house in 2010 to use as a 2nd home.

I didn't know Peter Picknelly was in real estate but I have mutual contacts with him and when the weather's warm enough walk by his house a few times a week.  

While I know I can start a business making around $7k a month, my immediate goal is to house hack, and my concern is about qualifying for an FHA loan.Any insights you have on this would be greatly appreciated!

I have had success, flipping, BRRRR'ing and house hacking in all these towns so any strategy could work.