On top of that, you'll incur legal fees and costs to prosecute the case to get a judgment.

You learn a lot and can cut out costs and save more for cash flow.

That's the cost of owning and managing rentals as a investor.

There is loss opportunity costs.

The higher HOA and insurance fees have made investing in condos more complicated and not look quite as appealing, but there are still condos that can be purchased and an owner should be able to cover the cost of ownership.

Hey Zachary I think it's essential to look beyond mere interest rate differentials and focus on strategic benefits, particularly if scaling your portfolio is a long term goal.Key considerations:Pre-payment penalties: Determine if the HELOC has any penalties, impacting your flexibility payoff.Scaling strategy: Evaluate the scalability and limitations of each financing option.Advantage of HML: Allows scaling without hard credit pulls, and no pre-payment penalties.Holding costs: Factor in not just interest rate differences but also ancillary expenses as well as overall goals of scaling.Example scenario:Property purchase for $120,000 with $30,000 renovation.

Have done tons of research into taking loans etc, but probably settling on getting 20% DP and 6 months worth of monthly costs (maintenance/mortgage/utilities).Started looking to my state laws and saw I need 3 years experience to even get a MN broker license and was wondering how I should go about that.Does that mean I have to sell houses or is there a way to become an employee under an existing property manager?

With 100 homeowners who received a cost estimate only 5 remained in the program due to costs of a single conversion climbing up to $1M...it's just not worth it.https://citylimits.org/2023/03/13/in...about-cellars/If there was something in place that was more affordable, I'm sure more homeowners would be willing to take this route, myself included, to meet the city standards.

@ Hannah MekschI'm working with RPC invest (Ron Phillips) company...Ask them to set-up a profile for you so that you can get more details about the properties that you are looking at.Rehab house has the scope of work listed.More pics and etc ...Look to buy my 1st before Dec. and cost segregation for taxesHope this informing help outCheer cheer 

House hacking in Austin is a cost-effective real estate strategy.