. $2,000 is just a random number, the exact number depends on your overall tax situation.Building an ADU if you plan to rent it is business interest, not personal interest.

Particularly in Philadelphia where there’s a ton of red tape to navigate and construction costs are disproportionately high relative to other markets.Ten years ago I could walk into a district L&I office, complete a two page application and pick up a building permit without plans for a single family renovation the next day.

Asking 240k for the property, but plan to up the asking price to 250k if/when they put it on the market this summer.

We will end up having to complete more of the labor on this project ourselves than planned and we will be fortunate to finish this one without being in the RED.

I'm not planning to house hack, just for investment purpose.

Most likely you need to speak with the planning department and they'll tell you if it's allowed.

Hey @Adam McCarty, I'll be out of town for Jedd's group's next meetup, so Robert and I were planning on meeting on the 19th.

I never ever plan on going after negative cash flow.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.

My question is for anyone that has house hack or is planning to, what’s your story?