The promises re graphene solar and alternatives to tree-based "lumber," etc are all wonderful as these buildings would be ecologically ideal. 

If you want to HouseHack, don't chose an agent that hasn't HouseHacked at least once, ideally multiple times successfully.

You ideally want to find an experience real estate attorney who can help you set up a solid strategy - both from annoying callers as well as any unwanted law suits.This is not legal advice, this is just my opinion as a real estate investor.

Oh and a 2br with a sleeper sofa in the livingroom is the ideal size for an STR because it offers the most flexibility for renters/casts the widest net, without getting overhead too high.

I know it's not ideal to put your personal information out there on the internet, but it's tough to give direction when we don't know how much capital you are working with.If you are inheriting $1,000,000... then yes it's possible to put yourself in a position of $5 million worth of assets (with leverage) and 6-10k a month in cashflow in 5-7 years.If you are inheriting $500,000... that is going to be MUCH more challenging (especially if you have no investing or construction background).

It's not insane at all, but you definitely need to have someone who can help with emergencies, preferably a cleaner and understand it will be quite a bit of work compared to normal rentals and the times you'll need to work aren't ideal or consistent. 

Most investors I deal with are not local, so I don't get any time with them directly like I would a local "normal" buyer looking for their first home.

So, ideally $265K to get repairs done and mortgages paid. 

The girl's mother works at a local government agency that I deal with on a regular basis.

If we have an unexpected expense, ideally I'd love to be able to point to another area of the rehab and tell the contractor to ditch that work b/c of this other cost that arose.Second - maybe this would be included in the scope of work, but I'd also like to have the contractor sign paperwork that spells out that he/she is an independent contractor.Thanks!