Personally, I get great cashflow in my NC markets that I invest in, and have gotten to enjoy a lot of the appreciation there as well.  

If you do it correctly, there are also ways to pull-forward depreciation expenses.Whether or not all these expenses will be useful to you is based on your personal tax situation which is why you want to have a good CPA.

Tenants hear certain things but are unaware of the exemptions.  

As for your down payment, I can’t personally speak to a small business loan…you would just want to ensure you include those payments in your analysis and prepare to be repaying the small business loan and other holding costs during the flip. 

Hi all,Wondering if there is a way to get out of paying capital gains on selling a second home for personal use.

Personally, if I had the chance to do it again I would put down more money to knock off private mortgage insurance and increase my cash flow.

I'm new to trying to be a good landlord, friend, and person.

House hacking will also give you some personal "property management" experience.

I personally wish I could go back in time and do some house hacking! 

Hudson really an investors challenge is determining if how much cashflow they want vs cash.The inherited house demonstrates this:1) You didn't mention the mortgage PITI, but assuming it's low, you should cashflow well and even more if you have tenants pay the mortgage off over time.2) You could also do a cashout refinance, up to an amount that allows the rent to comfortably cover, and use the cash for further investments or personal use.