Again 20-30% is fair.I have an almost 100 year apartment building where I pay some of the utilities. 60% is a fair estimate and it's often more than that.I have a couple of older houses in 'bad areas' where the tenants regularly trash the property causing thousands of dollars in damage and move out in the middle of the night.

While renting to Section 8 tenants can reduce the risk of non-payment, your property must meet specific standards and pass inspections by the Public Housing Authority.Please feel free to DM me if you have anymore questions or if you just want to discuss further!

Purchase price: $585,000 House hacking my first SFH - airbnbing the basement that has a separate entrance and my partner pays me for rent How did you finance this deal?

That could potentially be risky.Can you house hack? 

Hi everybody,A few months ago, I just purchased my first property (yay me), which I'm working to house-hack at the moment.

Make money, save money, buy a house in a neighborhood they believed in, manage it well, and hold it forever.

Seems like you buy a $250,000 house, put $50,000 into it and end up with a $300,000 house ready to rent, but tough to value add. 

We have rented houses before, but always used a management company.

I work with a significant number of hotel entities, I can address this from a tax perspective, I'll leave the liability issues to the attorneys.The lessee / lessor entity structure can be used for a few different tax reasons:1) There is a REIT investor - in which case they can only have "Rental" type income, while hotel operations generates "Ordinary" income. 

I assume you want to borrow private money to flip houses and not lend on them (?).