Even if you lived there for a year or so and decided to sell it, you could theoretically even lose money on the sale, but what you gained from house hacking for that period of time would out weigh that loss.

@Brady Boyer your purchase agreement should include an inspection period.

In the meantime I would recommend to guests a nearby laundry mat if they're staying for long periods of time.

Still can't be touched, being a college kid and getting a 3.75+ is the easiest thing you will ever do in your entire adult life, period.

Usually 30 or 60 days before the end of the lease period. give them notice that a new written lease will be required.

What do you do to keep your rekey/locksmith charges down? We have Kwickset Smartkey locks but are they legit for multi-family use? What about mailbox keys?

Interest rate will be higher but at that low of an amount, $28,000, it shouldn't raise your costs too much, just make sure you know what the seasoning length of the loan is (if there is a seasoning period at all).

Here is the actual calculation for my ROI based on the numbers Zzz Realty conveniently decide to ignore:Date Start 08/01/16Date End 12/31/18Num Months 28Purchase Price $55,997.00Closing Cost $ 2,125.61Actual Cost $58,122.61Income (as per Zzz Realty) $13,944.26Insurance/year $ 621.00Insurance/Month $ 51.75Insurance for period $ 1,449.00Maintenance Total $ 1,413.77Eviction total $ 527.50Unpaid tenant bills $ 339.48Total Expenses $ 3,729.75Total Income $10,214.51ROI as per Zzz Realty 10.28%Actual ROI 7.53%ROI Diff 26.75%A 26.75% difference between their calculation and mine.

We are in our due diligence period now and one of the biggest issues we found during the home inspection was more roof damage than we originally thought.

Hi Patrick,Unfortunately you won't find many driven real estate professionals in Toledo that have a sense of urgency lolThis can be a double edge sword in the way that it's hard to get things done efficiently but it also eliminates most competition because you can just beat everyone to the punch (Just like we have been doing for 5 years now).I suggest you check out the Five Points area (43612 and 43613 zip code).$55,000 - $75,000 properties that will rent for $600 - $800 per month.This pocket has been our sweat spot for many years now and I don't think that anyone has bought more properties than us in the area lolYou will find decent tenants that tend to stay and pay and low volatility with not many evictions.That's my 0.02 Aussie cents :)I wish you much success