For example (and just picking arbitrary numbers here), let's say:Current living expense: $1,800/monthHouse to hack mortgage: $2,000/monthRental income from house hack: $1,600/monthExpenses (including $400 leftover on mortgage): $800/monthIn this example, I'd be losing $800 out-of-pocket per month, but I'd be able to save an additional $1,000 from my day job over my current situation that I could use toward a second property.

A hard money lender gave me this quote and Im trying to figure if its a good deal also, its on a 2 fam building in upstate Ny, if anyone can give advice please respond to me publically so other people can lean as i am. thank you. im going to try to post this on other threads because its time sensitive Loan Amount: Total loan amount of $63,750 or 65% of After Repair Value, whichever is less (Subject to appraisal, inspection, applicant interview and additional underwriting.

The transfers do not create any additional taxes.Yes, you could also structure it in a more complicated way, with an actual salary, but you need a good reason to do so, which is a longer conversation.

In addition, continue educating yourself through books and podcasts.Best!

House hack with additional funding from parents, credit cards, etc. 

I need additional vents installed at the base of a brick house in the Heights (needs more air flow).

Obviously, the deal would have to be such we can cover most if not all of the expenses off of the rented units, but if not, could we possibly AirBnB the unit listed as a primary residence to make up the remainder of expenses, or for additional cash flow? 

Any additional thoughts??

For four tenants, need additional driveway/parking (probably going with permeable plastic laid on the grass - I have this at my house and I love it, and no permit needed for a pad). 

For example I've already made additional payments of about $2,500 again for $1,400 and now maybe for $3,346.