Hi Everyone, I am purchasing my first SFH, and I plan to live there for a year and share 2 rooms with 2 other tenants, to reduce the cost.

I particularly purchased SF that has 3 building and I can fit in 10-15 cars inside. 

I did some research using Zillow and realtor.com to see if there’s over saturation, average prices for purchase and average rent.

My wife and I purchased a home in the Seattle area back in 2018.

My plan to purchase a home wouldn't be the traditional route. 

Here's how you can structure it:Contingency Clause: Include a clause in your offer that states the purchase is contingent upon securing a lease agreement with a tenant within a specified period.Time Frame: Define the time period within which you need to find a tenant.

Purchase price: $116,000 Cash invested: $27,000 Sale price: $187,500 Replaced kitchen, updated bathroom, drywall repairs, paint and flooring.

You can also find short online classes and webinars.

I ultimately finished crunching the numbers between this spreadsheet, the sellers 1040 forms, some minor things needed within the property for expenses, and purchase price. 

Hey y’all,Exploring my first BRRRR, and curious about financing strategies of initial cash purchase vs HML.