House hacking isn't just a strategy; it's a financial game-changer. 

Thanks  Hey Shawn, I'm assuming that at the $50 level for HOA monthly dues the HOA would not be that restrictive for different rental strategies.

As others have mentioned (besides the essentials like rates, mortgage, and maintenance), it's important to consider utilities, insurance, property management fees, taxes, furnishing, marketing, and legal requirements.

Also inspectors frequently will ask how the building footprint was established, plus a survey is insurance should a neighbor ever question the setbacks. 

HMLs are ideal for value-add strategies, where investors purchase, rehab, and then reappraise the property to pull out equity and reinvest, or to sell the property. 

Research comparable properties in the area to gauge pricing, rental rates, vacancy rates, and demand.Property Insurance: Obtain quotes for property insurance to understand the potential costs and coverage options.Survey: Consider getting a property survey to confirm boundaries, easements, and encroachments.Due Diligence Contingencies: Include due diligence contingencies in your purchase agreement to allow time for inspections, assessments, and resolution of any issues uncovered during the process.Risk Assessment: Identify and assess potential risks associated with the property, such as market volatility, tenant turnover, maintenance costs, or regulatory changes.Exit Strategy: Develop a contingency plan or exit strategy in case the investment doesn't meet your expectations or unforeseen circumstances arise.By thoroughly conducting due diligence, you can minimize risks and make an informed decision about purchasing the property.

They should have GC leads for you in case you want to go that route.In our strategy, we usually rehab the house to rental ready stage at the acquisition itself. 

I highly recommend that you read the book "Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple" by David Greene.

I didn't realize that Steadily basically uses Fortegra and then also outsources to other insurance companies.

This would apply to a BRRRR, Buy and Hold property strategy-- Anyone use a HELOC, (interest only) for a BRRRR with success for a multi-year length of time?