I would like to get a fairly accurate figures for my modelThanks much Hi Marinta,For a 2 BR unit at Beach Villas @ Ko'olina, here are some expenses:Monthly AOAO Dues:  Approximately $2200/mo and it includes:  Cable TV, Internet Service, Other Common Expenses, Sewer, WaterElectricity:  Varies but I'd estimate $200-$300/mo.Property taxes:  Around $2k/moCleaning:  Around $200 per cleanMaintenance - minimal as units are very well maintained.  

I love the idea of house hacking, as for it is a way to build equity while minimizing expenses. 

I'm a computer nerd and spent much of my life doing heads-down work with as few interruptions as possible.

In addition, minimal cosmetic upgrades, painting, new décor and new flooring will add more value relative to its cost.

I know many are hands-off, want to just let management handle it all, but it's a huge investment for our future and we know we've saved so much with minimal involvement.  

We originally planned for this to be a mid-term rental, but when my grandma wanted to move, we offered it to her instead for minimal cash flow.

We originally planned for this to be a mid-term rental, but when my grandma wanted to move, we offered it to her instead for minimal cash flow.

If your goal is to scale while minimizing your initial out-of-pocket expenses, consider searching for off-market value-add opportunities via investor lift, or local wholesalers.

My go-to HM lender has approved to finance a purchase that needs some minimal work, like a month or less worth of work. 

What's your take on buying in a good neighborhood out of state within our budget and ensuring that we break even or generate minimal cash flow?