Hello everyone, I've been learning a lot about house hacking and I think I'm ready to jump in.

I would rather have a 50-year-old home that's renovated than a new build.

@Ken Chen under $50k => either Class C or D properties, neither of which we recommend be DIY managed remotely.Pontiac & the City of Detroit have properties that will meet these requirements, but are you ready for the corresponding challenges of dealing with low-income tenants?

Both of them are by the bedroom and this new one I just completed a master bedroom build added on to the back of the house with a private entrance for myself so I’m currently renting out the other 3 beds.Which cost me thousands more than I expected due to contractors not performing like I had expected etc etc. 

Do you keep in touch with ALL your clients every 3 months and Holidays and when they are ready they pick up the phone and call you?

You will also have to recapture the 1 year times half and 4 years times 100% of building in depreciation.

Baytown is definitely up and coming - a lot of new builds and old builds being completely renovated.

the financing fees, my client is thinking that he might be better off paying cash for everything instead of financing, but he’s thinking he should do it just for the learning and to allow his company to build creditfrom my perspective I just would like to know if these fees are right on point or if they are expensive. let me know your thoughts thank you in advance.

So we would definitely have to build some trust among the group before we went that route.

One of the most important things to start out is building your team.