House hacking is a fantastic strategy for individuals looking to start building wealth through real estate while minimizing their living expenses.

Overall the KS side of Kansas City is more expensive than the MO side. 

If I never raise the rent $675 X 50 years is $405,000- minus expenses.

And the other 50% of the property tax and 50% of the utilities as rental expenses.

If you can improve a property and increase revenue while decreasing expenses, the property increases in value. 

I have low expenses.

Some areas are more expensive though.

its a hard call. everyone started with no reviews at some point. you could inquire as to purpose of their trip, etc and see if any warning bells go off. ive had a few guests stay with no reviews and no problems, but the law of averages says it will happen at some point

Quick rundown of the numbers:Purchase: $130,000  Mortgage and escrow: $1045 Total Expenses: $1195Rent: $1500Total cashflow: $305Primary issue right now is a 2 year buy back term for a DSCR loan that does have a large penalty for that first 2 years. 

.$20k/mo far exceeds my expenses already.