Specifically, I’m thinking about offering:a.

Lastly, try to think of different ways you can add value to that person.

The cost of owning the home is about $800 more dollars then the rent i was paying a few years ago but i always think of the equity im building, loan paydown, and appreciation into my reasoning of the house hack strategy.

Get rid of your car and you can save hundreds per month on insurance and gas.I think you need to quit your side hustles immediately.

However, I think from a financial perspective, it's likely a better idea to pay off the debt or add the money either to a taxable brokerage account or a retirement vehicle like an IRA.

A lot of folks may disagree, but I don't think that by owning 1 property and deciding whether to put it in an LLC or not would make or break the deal.

@Will Sifert hi - super late to reply...as I stepped away from BP as I didn't think I wanted to do REI investing anymore but I do so I am back and glad this site exists because I definitely have learned a lot since our time at that tax lien event and have all plans to do things different this time around! 

The only issue I think you could be facing by renting it like that is when it comes to insurance. 

Let me know what you think!"

I'm about to close on a lot in Chicago logan square shortly and thinking about tearing down the 2-flat for a new single family.Can anyone who has done this help point me to the right direction?