. $860 of that is principle repayment so I would need to net at least $2250/mo to cash flow.

@Jonah Stiles as others said, no mortgage principle.

The City of Gardner has specific standards regarding vacant multi family properties that made it tough to achiever our objective.

Also, I love the house hacking strategy, but don't forget to factor in how much principle you will be paying down on these loans while you're living in them. that can be quite powerful too!

Does the seller have the responsibility to give you a tax document showing how much money went to interest, as compared to principle, for tax deductions?

This would entail a 30yr loan allocating all property CF (except for money going towards contingency fund) and $1k/mo to savings 2) Lower property CF and put all saved money into reducing remaining principle.

Their main objective is to reduce tax liability and reinvest in something high growth, preferably not tenant occupied (but I think they could be persuaded).We’re in California, so a 1031 means more paperwork.

For him the hard drives were the scariest object.

Note, we typically are unable to extract all of our investment on our initial refi, but the appreciation has resulted in continued equity build up in excess of the principle paydown. 

I find that they are much more objective.