While we aren’t likely to choose house hacking personally, is that route still a possibility, via bank lending, if we are co-owners with our son and his new wife as he goes to grad school, in essence using our credit and resources but benefiting from them living in one of the units, thus accessing owner occupied rates?

Any input on choosing a management company would be greatly appreciated. 

Before I was able to choose other actions and now I dont see that option.

If wife wants off at the end of the lease she can get off the lease, you can't stop that one of your tenants does not wish to renew, you could enter a month to month lease agreement with the remaining tenants though if you choose to and they want to stay.

If you choose to wait to impose the fee in order to mitigate this risk, I would be wary of including prior months in arrears; so you may be forgoing the fee until the month you choose to actually impose it.

Hi Antoinette,You might want to think about talking to the owner about buying it (maybe with a land contract instead of a loan).The owner might want a quick easy sale vs. having a rural place on the market when who knows what will happen to prices after COVID.If he sells it to you like that, you might both want to consider getting second jobs and getting many payments ahead with him (vs paying down the principal) because we in the USA may be facing some unemployment issues for a while (a while) and jobs in rural areas can be scarce at times.If you choose to do this there is probably a local attorney who can do the paperwork and etc for you (either you or the owner can pay the attorney)...

Having a good feeling about the sponsors of a syndication is probably the most important thing you can do when choosing where to place your money.

It provides me with stability because I can project when most of my leases will be expiring (I manage 350 units).There are people in other markets, particularly on the coasts, where a month-to-month makes more sense. you'll have to analyze your situation, consider all factors, and choose which way to go.

If you have to choose just one, read Antifragile.

Many who live here choose to invest elsewhere, some in nearby communities outside of Dane County where they can find properties that meet their specific deal criteria.