![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/491415/small_1621479062-avatar-justin_koop.jpg?twic=v1/output=image&v=2)
1 March 2021 | 33 replies
So far, on the properties I’ve analyzed house hacking may lower my monthly housing costs by ~200-400$/month (although I do realize this could quickly be negated by maintenance costs and unforeseen repairs); my train of thought is that I would still be contributing that 36k towards an asset that is building equity (while someone else also helps me achieve that), instead of paying it in rent with no return.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1494218/small_1621512879-avatar-raphaela10.jpg?twic=v1/output=image&v=2)
19 February 2021 | 1 reply
There will not be many unforeseen surprises as long as you buy a Condo in the right location and that has a well managed Association with a significant amount in reserves.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/891299/small_1621505083-avatar-jbarkow3.jpg?twic=v1/output=image&v=2)
22 February 2021 | 11 replies
Congratulations.No one can answer that question other than your CPA, because it is "case by case" i.e. dependent on the facts and circumstances.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/393461/small_1621448744-avatar-robynjoy.jpg?twic=v1/output=image&v=2)
22 February 2021 | 5 replies
Under certain circumstances, you can expense property in the year of purchase rather than add it to your basis and depreciate it over a number of years.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1824037/small_1621515884-avatar-kyles532.jpg?twic=v1/output=image&v=2)
15 February 2022 | 16 replies
So far absolutely no issues with moisture and since there aren't chemicals being used in the water it helps overall maintenance with the pool pump and the interior of the pool room doesn't have as harsh of conditions/smell.Also, there will be things like self closing doors that are required (unless very unique circumstances which I could describe if necessary), pool alarms, etc, but that will be overseen by the local building inspector for the County, Chris Jenkins, and that'll have to be done or the builder won't get a CO.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/363895/small_1621446800-avatar-moorenado.jpg?twic=v1/output=image&v=2)
20 February 2021 | 1 reply
I am working on sending them an acceptance email, but wasn't sure how to word it all because of our circumstances.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1578586/small_1621513854-avatar-clayc44.jpg?twic=v1/output=image&v=2)
21 February 2021 | 2 replies
If you were going to finance the property and due to recent circumstances will no longer qualify for financing, that would likely be a valid reason for you to get out of the contract and be able to get your EMD back.
20 February 2021 | 1 reply
If after the closing circumstances change it gets chalked up to life happens.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2064226/small_1621517856-avatar-kyleeh2.jpg?twic=v1/output=image&v=2)
15 March 2021 | 5 replies
You can possibly be approved by the lender to move out between 9-12 months due to extenuating circumstances, but don't move unless the lender has approved it in writing, otherwise it could get into Occupancy Fraud?