These don't require you to live in the property, so you could close with the existing tenants in place and then move in once their leases expire.

I will hire a local person for emergencies and other stuff but wondering if anyone on this forum had specific details.

You could read 100 books and still need to learn more because certain things must be learned through trial and error.

How did you find this deal and how did you negotiate it?

No one will accept an offer like that (for future costs being too high) and if they do, there is an issue.

I don't think it should matter if the deal is seller financed, cash, or hard money; the title search and insurance process should be the same.

Financing options include cross-collateralization, cash-out refinance, and DSCR loans.Good luck!

If I were to apply for a CFO role now, more than likely I have to advantage over a CFO that was in a manufacturing company for a real estate company.EAs specializes specifically in taxationCPAs have a broader knowledge for accounting, auditing, financial planning, and taxation.EA must pass a 3-part IRS exam and do not require a college degreeCPA need a degree in accounting, 150 credit hours of education, must a 4-part CPA exam.EAs often charge a lower feesI might lean more toward hiring an EA and ask how they stay updated on tax laws and regulations since I don’t really need full accounting services.

@Ibrahim AtoumIf you're starting house hacking at 20, focus on building your knowledge and financial readiness.

It is a new construction home in an up and coming area.