What made you interested in investing in this type of deal?

House hacking is one of the most popular strategies you can take and it can be a great way to build wealth and generate passive income but it's important to have a long-term plan in place.

What made you interested in investing in this type of deal?

if the property is $100K and the rehab is $60K you'll need 10-15% down plus closing costs plus holding costs - conservatively 16-24K + 5-10K + 6-12K = 30-45K at leastand you don't want that to be all your savings... so you'd need separate savings and emergency funds - i'd want 25-50K depending on situation, lifestyle, etc.so 50-100K i guessbut that's just a horseshoes and hand grenade estimatethese types of questions are hard because we don't know much about you or your financial situation

Unfortunately STR mixed with homeowners and families don't work well together, even in rural areas.Outside of the destination type spots for AirBNBs, I do have a few that are in very, very good areas of their respective cities.

I think maybe our family has reached the tipping point where it's wortwhile.JThink about something very bad happening at your property (think fatality or permanent disabilities) and then ask yourself what an attorney might sue you for in that type of scenario.  

Unless it’s a multi-unit property you have no duty to perform any type of background check & in almost every state massive increased liability from doing so. 2.

I am thinking about turning my half bath into a full bath.What made you interested in investing in this type of deal?

But I have even seen it for those types of properties as well, which is why I was confused.

There was some type of default issue where the loan has to be brought back in good standing.3.