House hacking is an awesome strategy, if the numbers keep going up you will have built equity and cash flow when you move out of there.

Key factors include your experience level, credit score (600+), down payment (10-30%), property appraisal and ARV (65-70% of ARV), project scope and budget, exit strategy, cash reserves, market conditions, and lien position.

Providing necessary docs - 3-day, tenant ledger, lease, property management agreement if you have one.

Lots of cash in merica and that is evident at the foreclosure sales.

He at least does have a NY accent which is good.I figure somebody here has had to have done business with him that can at least verify the returns he is providing.

A HELOC might offer more flexibility if you're planning to purchase multiple properties over time, while a cash-out refinance could provide a lump sum that you can deploy immediately.1031 Exchange: If you decide to sell your Corpus Christi property, you might explore a 1031 exchange to defer capital gains taxes.

Finally, If I'm living in the 3rd unit and plan to move out upon purchase of a new property, can they estimate the income of the 3rd unit will provide with me moving out and apply that to the property's sustainability?

We’ve put maybe 25k into the building since ownership (which was June 23’), but apparently it isn’t enough seasoning for thanks to want to cash me out.

A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

And, based on some really basic math: if that lifestyle costs $2mm/yr (the leased/financed G5, the FL and Malibu mansions, etc) and the typical core multifamily deal kicking off 4% cash on cash to LPs (if that), we could all have that lifestyle too.