We’ve just finished our 2025 planning meetings for our six largest projects, and it’s been an interesting process. In terms of feedback from our team, we’re leaning towards buttoning down the hatches, keeping rent inc...

If you think about the time it takes you to clean up and repair.

I forged ahead, moved into the house and used credit cards to partially improve the property before they maxed out. 

In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.

Best of luck—sounds like an exciting journey ahead!

This meant I couldn’t pursue the driver personally and had to rely on their car insurance, which settled for $25K—their maximum coverage.Unfortunately, the crash added $77K in unexpected costs, including $41K in repairs and extended holding costs.

If you do not have an FHA mortgage then go ahead and apply for one on the investment property. 

I know that's not a huge cash flow, and any repairs could make me break even.

Being able to A/B test MTR at the same time would allow you to know if you can convert the STR to MTR if you ever want to move out and keep the property.As for the net negative house hacks - I always like to remind people that shy away from a deal because they aren't making money that they are usually still coming out ahead if they are spending the same or less than they would on rent.Great last point.

Maybe seller financing.But let me ask this question, what happens if in the third month the furnace goes and needs $2000 worth of repairs?