You might use different strategies to increase the income from the property.

Can you stomach going over budget, time delays, and having to pay the mortgage without any income coming in from the property?

I'm also looking for a tax lawyer and accountant who can help me with my taxes and this situation.Thanks

With property taxes and insurance on the rise, some investors are even seeing neutral or negative cash flow at the start.

All adults who wish to live there must apply and pay app fees (it makes us money, but there is a cost to run background/credit checks too, so I would at least charge something, it also means the person applying is more serious)3x rent combined verifiable income of applicants.

I’d lose about $48k (mortgage, hoa, ins and prop taxes).

The idea is eventually the rental income to supplement retirement.

Doubling or tripling of property taxes by the taxing authorities, new permit requirements and fees, insurance, increasing VRBO and Airbnb fees, etc.

like liens judgements taxes owed etc.

Let’s also look at income, not just total wealth, since many folks, especially hourly workers, in the bottom 50 unfortunately, really can’t/don’t save much money or own income producing assets.