Check out David Meyers book Start with Strategy as a more updated text.

The strategy that works best for any given property really depends on local factors.

Any recommendations or insights on how to find the right fit would be incredibly helpful.Tenant Screening: Lastly, I'm curious about effective strategies for finding high-quality tenants, especially when renting out rooms individually.

@Nicholas Owens No, but my insurance company requires it be replaced immediately.

You MUST have errors and omissions insurance which costs between $100-$200 per year as well.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Define your house­ hacking strategy based on goals and prefe­rences.

Your primary residence you get to deduct the interest and taxes but not the insurance.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

Always, always, always have an EXIT strategy and it’s best to get it in writing as a contractual document.