Whether or not you'll be able to lower your current living expenses by househacking will depend on:- the type of property- property taxes - which are relatively low in BK compared to other counties- down payment- projected incomeThat said, househacking in NYC is totally doable and most first-time househackers find success in located small multifamily properties (2-4 units) preferably with some sort of additional income potential (i.e.

It's not a complicated process (but it's not for everyone).

I am hoping to find another out of state investor who would be willing to chat about ways to be successful managing the rehab and the general chaos. 

That gives me additional income and offsets the risk of loss if I have a longer vacancy once they leave. 25% sounds like a lot, but consider what it will cost them to find another rental in the next 30 days that will allow a three-month lease, plus the cost of moving, setting up utilities, etc.There's nothing wrong with trying to help out a good tenant, but don't hurt yourself in the process.

The three items above along with setbacks, landscaping and storm ponds if required dictate your footprint.Find out what the DOT's variance process is and follow that. 

Do we buy a cash flowing property maybe somewhere else entirely to just start the process of investing in real estate, or do we just buy my mom a place and pay that mortgage down as quickly as we can since our own primary is at a very low interest rate here in CA.

You could certainly dive into a new build cold turkey, but you are then relying on your team very heavily to make it a success with little ability to self assess progress etc.

I want to hear from you about your experiences, challenges, and success stories when it comes to funding your fix and flip projects.Join me to:Share your insights on the best strategies for securing funding.Learn from fellow investors about their approaches to financing flips.Discuss common pitfalls to avoid when seeking funding.Connect with like-minded individuals who are passionate about real estate investing.PLEASE NO SELF- PROMOTIONS here – just an authentic space for investors to come together, learn from each other, and grow their networks.So, whether you're a hard money lender, a seasoned flipper, or someone just starting out, your voice matters in this discussion! 

Cheers to your success!

Despite cold texting for the past three months, I haven't seen much success.