Read into a few posts about house hacking, from what I understand that entails moving roommates in to pay the rent and possibly making a positive cash flow.

Careful not to get caught up in the hype...I personally witness some crazy bids that I didn't understand where they were coming from.

I received a report in about 3 hours.3.Easy to read reportsOnce I receive the report I was able to quickly understand the information being provided.

I understand there are different circumstances that can determine if this is a good decision or not but I was wanting to hear some of your opinions on property management.

From my understanding real estate in big markets such as Chicago, Miami, LA, and NY is very difficult to make profit on because of taxes and other fees.

From my understanding, DM is most effective if you can do several rounds 3+.  

Not sure I fully understand your numbers regarding "taxes and everything" being $1046.

Account Closed I understand, I've seen some PML or even HML ask for 10%.

I noticed the IRS has info on Husband and Wife businesses here:https://www.irs.gov/businesses/small-businesses-se....If I understand correctly, there are 3 different options.  

I understand that margins might be tighter, and income may not be as attractive as the STR market, but we also don't have the capital, time, or competitive edge to deal in the STR market in the 30A corridor right now.Don't get me wrong...