(go look at business credit)Next, some costs...really insurance...is very expensive on the commercial side (well, for STRs specifically, insurance is very pricey).  

It could just be a simple consultation that doesn't cost much.2.

Feel free to message me! 

Settled at $247,900, 3% closing cost credits, and the seller also put in about $3,000 for repairs.

Assess if you have enough time for tasks like tenant screening and maintenance.Expertise: Professional managers know landlord-tenant laws and property maintenance best practices.Cost vs. benefit: Weigh management fees against potential savings and efficiencies professionals might offer.Property location: Distance from your home to the property matters.Number of units: More properties increase management complexity.Stress tolerance: Consider your comfort level with tenant interactions and problem-solving.Long-term goals: Professional management can free you to focus on expanding your real estate portfolio.

Starting out if your house hack lowers your cost of living you are doing well.

Fourth, we wouldn’t need to take on debt to make the purchase and we’re comfortable with the costs and management of the place given our history with it.If we buy out the relatives, we would likely pay around $295,000, which we have available now.

Property taxation classification doesn't change the property type and applicable comps.

PS - I'm looking at building one myself, so happy to let any of y'all use it (at no cost) if you would like to chat.

Feel free to reach out anytime.Chabeli!