In his State of the Union speech (don’t worry not getting political here) last week, the President made 2 housing-related proposals: First, a $10,000 tax credit to middle-class, first-time homebuyers, given over two years.

In my situation I have one property, would like to make it two.

One thing I have realized as an agent is I have two main issues, 1.

I own a two family house in nyc that I was renting a unit to section 8.I hired a lawyer to have them removed thru the courts.I ended up signing a move out agreement which the voucher holder where she ended up staying 9 months past her move out agreement because she had her voucher terminated from having her boyfriend living in the unit when he wasn’t on the voucher.So section 8 informed me that she was terminated from the program for good only to get reinstated 7 months later.The judge ended up letting her stay until she able to reapply get approved and find another place to stay on my dime.Do I have a strong case on suing HUD for those 9 months or the city or even both?

I do feel bad when it takes a day or two to get a replacement unit but I explain I’d be waiting at my home if mine failed as well.

Then, be aggressive about negotiating with the seller two options:1) Property vacant at close - you pay original agreed price2) Property NOT vacant at close - you pay orig price LESS an aggressive amount based upon above.Great advice - you should be embarrassed about how low the offer is you make!

The rent is typically $3200-3500 for a two bedroom.

My plan is to live in the house for about two years, possibly engaging in month-to-month house hacking during that time before transitioning to long-term renting.

Hey everyone, I have a 5 bedroom 2 bath house with a two car garage and fenced in yard in Ypsilanti, MI.

With two units available, if one remains vacant, the rental income from the other unit can help cover your mortgage costs.