To me, when you say house hack, that means buying a property as a primary residence with a low down payment, living in it for a year, and then moving out and renting it.

The condo had an electrical fire about a year ago and the owner has been making mortgage payments and rent at their new place during that time.

So I did what everyone said not to do and used every dollar I had on my down payment lol.

The simplicity in your method underscores a vital point: the essence of real estate isn't in perpetual preparation but in taking decisive, informed actions.Your observations hit home—there's a sea of self-proclaimed experts, and the paralysis by analysis is real.

When something is optional, the IRS code or regulations specify a method of electing out.

Sales price: $900,000Seller finance: $400,000 / 2 year ballon / 7% interest rate / interest only monthly payment: $2,333 / no pre-payment feeEstimated monthly income: $9,300 / Annual: $111,600Electric separated - water $450 per monthProperty taxes: $16,700 (with property value assessed)Property Insurance: $6,300Renovation Repairs $150,000I anticipate the Re-fi appraisal to come in at a conservative $1,150,000. 

Also don’t forget that more than $700 of your mortgage payment is going towards principle.

I was completely wrong about being able to live with other tenants in the city and am really embarrassed and devastated with this situation.I got a lower down payment loan (10%) and good rate for this property with the intention of me living in it but I already know I can’t and am honestly panicking in tears.

The biggest benefit of the house hack is defensive and to save money by having low housing payments.

My payment processing fees are pretty much going to equal the 3% airbnb fee.