@Matt R. - same for you my man.

Appraisers use a combination of 3 methods to arrive at a value,  sales comparison approach, cost approach and income capitalization approach.  

Originally posted by @Erik R Vazquez-Martinez:View report*This link comes directly from our calculators, based on information input by the member who posted. 

We would be cash flowing about 5% with all things included (MTI, vacancy rates 5%, and utilities etc) @Matt R. it was a pocket listing that thyme went to market at $800k we are at $750k@Randall Weatherall I hear ya.

Both methods require the expertise of an experienced team- your lender and agent should know the ins and outs of the process. 

@Andrew R.

But after 1 year, you can move out and rent it out with no recourse.So if you are intending to convert it to a rental property before 1 year, then you should be financing it as an investment property.The way BRRRR works is that you can purchase as a primary if you are living there while you rehab it, because one of those R's is refi, the refi can be done as investment since you are paying off the purchase loan and then converting it to a rental.Best of luck!

Using this method I'm concerned about and possible liability and was wondering if anyone is familiar with any other way to protect a landlord from liabilities not using an LLC?

For the last few months, i've been VERY eager to start my vision of becoming financially free through the house hacking method. 

My LLC group is meeting tonight to discuss methods of investing locally.