I am currently tearing through videos and websites to try and gauge demand for such things.Oh, and I'm getting information together to see about rezoning as the property is currently R2 and for Event Space Rentals it needs to be B1 or B2.How can I go about gauging demand for small event spaces in the area ( I'm guessing the house occupancy at 40 )? 

I'm cashing flowing $300+ on the two I have currently. 

What kind of properties do you currently manage or plan to manage?

My sister is selling her house to me; however, we want to do a mortgage transfer since she currently has a 2.5% interest rate, but the bank will only pay what is owed on the current mortgage.

Currently, they track their expenses by keeping all their receipts and invoices in a physical book that they hand to our accountant at the end of the year (poor guy, lol). 

It currently brings in a NET cashflow of $1,000 a month in Washington!

If your state losses are several hundred dollars or more - then pressure your CPA to verify whether these losses are worth filing current state tax returns.

I'll preface by stating I am a complete newbie to real estate, however I have followed BP for about 10 years now.Option #1: House hacking I am currently unemployed, but have a chunk of savings for a downpayment (roughly 50k) if I decide to go the route of house hacking.

I currently have a 3.75% 30 fixed mortgage on my primary home, and looking to dive into my first investment property.

If they are already on an active lease (not month to month) you may need to keep the current lease terms until it expires.