I've been re-reading the BiggerPockets book The House Hacking Strategy by Craig Curelop, and the numbers are eye-opening.🔥 Why Co-Living & House Hacking Work So Well Together✅ Higher Rental Income Per Unit – Renting by the room typically beats traditional rental rates.✅ Lower Vacancy Risk – Losing one tenant doesn’t mean losing all your cash flow.✅ More Affordable for Renters – Competitive pricing attracts a steady stream of demand.✅ Built-In Community = Lower Turnover – Tenants stay longer when they feel connected.✅ Allows You to House Hack a Single-Family Home – No need to compete for pricey duplexes and triplexes!

You'd think with all the information out there that it would be harder to pull the wool over people's eyes.

You do have to keep an eye on your write offs to ensure you are showing a good NOI and not using too many write offs to show enough income to use for bank/lender underwriting on a mortgage/loan.

Quote from @Gregory Wilson: A few things there, Brendan.First, an LLC with you as a member and your (wife, son, pal, etc.) partner as a 1% member will file a Form 1065 which is about one tenth as likely to be audited by the IRS as a Form 1040 with a Schedule E rental activity (which I presume you will attempt to show is an active business).Second, you want an LLC because when your local Alabama handyman drives his girlfriend's uninsured truck into a van load of U of A medical school interns on I-22 when he goes  to get some shingles for your roof, on your business, you don't lose everything you have or ever will have to an uninsured claim. 

It kinda creates a much smaller threshold for the tenant to save money if they were to keep an eye on their usage since I'm paying a large chunk of it, while also being able to keep any eye on how much they spend so it gives them that personal incentive to watch their usages.

welcome to BP and the forums @Frank Oliver I hope you find it as eye opening and supportive as I have over the many year's I've been participating. 

The days of quick, minimal-effort flips yielding massive returns are largely behind us, but prepared investors with an eye for neighborhood-specific improvements can still achieve healthy profits.The most successful flippers in today's Phoenix market are those who:- Conduct thorough due diligence on neighborhoods and price points- Build robust contractor relationships- Focus on sustainable, energy-efficient renovations- Stage properties impeccably for the target buyer demographicFor those willing to adapt to changing market conditions, Phoenix continues to offer one of the most dynamic house flipping environments in the Southwest.

If you aren't standing out in the first 30 seconds with eye-catching design, you're leaving money on the table and missing occupancy that could be yours.If you're interested in brainstorming the creative end, this is our bread and butter!

*Local Eyes – By collaborating with experienced realtors, contractors, and inspectors, you can source hidden gems and dodge expensive mistakesThe Renovation ProcessThe secret to fix-and-flip success lies in renovations that help maximize the value of the home without breaking the bank.

An extra $30/stay isn't enough for me to have to make myself a zombie on Benadryl in order to sleep there and not wake up with my eyes swollen shut because someone let their dog sleep in the bed.4) I think it's been priced too low.