The local HML can usually pull the trigger much faster than an outside person does because more research has to be completed to asses risk in lending for that area.This is why local HML lenders rates might be lower than a national HML lender that prices a few percentage point higher and one to two points more to price in the unknown factor of the area.

If the conversion of use doesn’t trigger any depreciation recapture or other negatives, then I could theoretically: buy a home, rent it as an STR for one year, claim all my bonus depreciation to offset W2 income, and then covert it to an LTR year 2.

You don't want to add insult to injury by offering to buy their house off the bat including offering to do a Subto. 

Mike - I have been looking in Allentown, but havent pulled the trigger on anything here (although I do have properties in Easton).

Make sure you put money in your budget for a few trips before pulling the trigger.

The easiest way to start investing in real estate is househack which I was planning on for a while before pulling a trigger.

The easiest way to start investing in real estate is househack which I was planning on for a while before pulling a trigger.

JIm I think the issue especially in todays market buyers might look at 10 15 20 houses before they pull the trigger are they really going to call 15 to 20 listing agents ???

Hi BP community, I'm a junior studying engineering and I'm starting to strategize for my first house-hack, and I hope to pull the trigger in about 12-18 months.

If that scenario doesn’t include financial suicide, bankruptcy, death, or something similar, then knowing that I’ll be ok in the worst situation helps with pulling the trigger.