My fiancé and I have now officially paid off our debts and can’t wait to really deep dive into real estate investing, starting with a house hack for our first deal.

As of June 1st, he is behind $11,600 and left $149,900 on the rest of the lease that runs till September 2024.

It is not officially a CRM system, but it works as well as any of the fancy systems I have looked into.

I try to get a written acknowledgment that they are officially vacated.

This deal was financed through a HELOC and the rest came through a creative financing website called Seed Capitol.

If it is, which do you think is better in term of tax return, allocating proportionally or allocating 10k to the residence and the rest to the investment property?

@Basit Siddiqi,I bought a a property last April but was vacant for the rest of the year 2019 to get it rent ready and other issues with property manager can I claim those expenses for it been vacant?

I'm not suggesting you shouldn't read and review it carefully, but as long as the type of representation, commission, listing start and end date, and any cancellation penalties are what you agreed upon, the rest is likely pretty routine.

The other possibility is we test raising 1/4 of the rents and tenant loss is minimal, maybe we just go ahead with the rest. 

Should I pay him $31k cash to get his mortgage paid off, and then have him seller finance the rest so I can use my remaining cash for rehab?