Cosmetic upgrades: flooring, interior/exterior paint, trims, moldings, quarts kitchen tops, added a new gas range & vent, added kitchen countertops and storage, light landscaping. lot size is .25 acre so we added a 6ft fence to give new homeowners privacy. converted carport into a garage w/ rollup.

Cosmetic upgrades: flooring, interior/exterior paint, trims, moldings, quarts kitchen tops, added a new gas range & vent, added kitchen countertops and storage, light landscaping. lot size is .25 acre so we added a 6ft fence to give new homeowners privacy. converted carport into a garage w/ rollup.

Full rehab inside, new kitchen, plank flooring, fresh paint, and updated appliances.

In that time, they work on: learning the property management side of the business; gradually increasing rents until they are at, near or above market rents; building their savings; building equity by making minor improvements (ADU's, adding amenities like storage and laundry, other cosmetic upgrades, etc).After that 2nd year, house-hackers look to get into their next property and once they occupy the unit they lived in, they'll be cashflowing.Again, this is part of a long-term play so most house-hackers don't see cashflow from day 1 in NY.

I would like to set up the accounting for my rental unit correctly while I am still pretty fresh (just got the duplex that I am house hacking earlier this month). 

My name is Noah, I’m 18 years old and I’m fresh out of high school.

I've considered moving back to my rental house (smaller, would work) but I'm not super crazy about the house (bad memories) and ideally, want to start fresh with a different new to me smaller place.

Books on my list that I have mostly gathered from the Bigger Pockets Real Estate Podcast or other RE investors include:Miracle Morning - Hal ElrodGrowing Wealth in Self Storage - AJ OsborneThe Only Woman in the Room - Ashley WilsonHow to Win Friends and Influence People - Dale CarnegieThe 7 Habits of Highly Effective People - Stephen CoveyWheelbarrow Profits - Jake Stenziano & Gino BarbaroPresuasuion - Robert Cialdini

Kept the kitchen cabinets but they are freshly painted.

Assuming $10-15,000 per spot  - Setup some RV storage while renovating-Increase lot rents to $400- When my grandfather passes (maybe in a couple years?)