Feel free to reach out. 

If you decide to do this make sure to plan ahead and track the income and expenses separately for each unit since LTR tax treatment is different than STR. 

Everyone seems to talk about including the costs of the new mortgage, taxes, insurance, maintenance & capital reserves, and the vacancy projections when looking at realistic cashflow, which we already do for all the properties in our rental portfolio.But we, like many, cant find properties that are making any cashflow sense right now.

House hacking gives you the ability to learn firsthand what it's like to be a landlord, offset your mortgage using the other unit and to reap some tax benefits.

$2mm cash, $2mm equity, $100,000 cash flow after all PI and taxes?

My real estate attorney advised against putting my name on the title due to tax implications.

There is another, much less stressful and less costly way.We also JV with private capital partners and land flippers to deploy prefab modular homes on our acquired and subdivided properties.If you need any guidance, feel free to connect with me here, on FB, or LI.

Look at the GIS property tax files for lots near you of similar size and recent sales for a price.Trailers are worth nothing.  

Josiah, feel free to shoot me a message with your questions and I'll be happy to help out where I'm able.

This was on KSL as well and the sellers were very very motivated.This year I have also purchased two single-family homes that I am rehabbing and both allow for lot splits so I will have a renovated home to sell or rent and a free and clear lot with each one.