Purchase price: $110,000 Cash invested: $165,000 House Hacked single family home, live in an primary residence.Appraised at more than double the purchase price.Cash out Refi done after renovations completed to reinvest in another property.Property is a Cape style house, 2 car garage, mudroom and 3 bedroom, 2 bathroom.

Completely agree with you about Airbnb.

@Maurice D. thats exactly what they want to happen and i could easily see it happening to someone and be completely ruined! 

Help them to decide whether to knock property down and rebuild and hold OR just do some additions completely gut and remodel and sell. 

I have some cash saved so I can look into a multifamily in a cheaper area as well. ( I'm by the coast so everything here is expensive) C) Keep this one but rent it out completely and buy another property as my primary ( possibly in a cheaper area).

If the size if appropriate, then(2) Drain the unit completely. 

Hello BP,I came across Temple View Capital and of course was amazed.... the first draw available before the work is completed???

He had tenants living in there who completed trashed the place, and does not have any money for repairs.

After the debt is completely paid off my plan is to buy a multi family property, most likely a duplex so that I can house hack while I save money and build equity for the next property.

You can completely change a space by doing purely cosmetic work.