You work hard, live a conservative life style, save every penny and the money will come in time.IN your case give yourself a couple of years of employment after graduating and see where you stand.

Work hard, take on additional work, live a conservative life style, change your habits and circle of friends, save money and concentrate on getting your credit up into the high 700s.To be successful you need to modify your life style.

Also be conscious of where the ad leads them beyond their click.

Advice: Treat it like a business as much as you can, even though house-hacking can feel like a hobby, stay organized, and take care of your property and your tenants (pride of ownership, people notice this), for all properties but especially for househacks.I definitely think the pros outweigh the cons, especially folks with flexibility of time and lifestyle.

Ultimately he came down to $525k, whereupon I told seller that I wanted to think about it before offering $500k at which point the deal was dead.My questions are as follows:1) I was very conscious of the price point.

My conclusion is a water conscious tenant would spend about $65/month in water and sewer, though I know of at least a couple of tenants I estimate were costing the park up to $165/moth. 

@Wendy BlackIf you're looking to amp up your lifestyle and move to SoCal, you're going to need a lot more cash flow than a few hundred a month.

Thank you so much for all the input.Yes I was extremely confused on this one because tenants are great tenants and Seller does not want to leave them in a bind and I think that is very nice of the seller.Tenants have been pleasant thus far and appear to take great pride in their unit.When you walk in, it appears as if you are walking into a catalog, they pay on time, have stable jobs and overall no complaints.One less vacancy at purchase would be great so thus being willing to make this work for all, without being tied to a lease agreement that I do not support fully as it is simply too vague for my comfort.I do however remain very conscious of the fact that I do not yet own the property so any such requests would really be overstepping my rights, if any at this time.Seller contacted us for input and thus the initially displayed approach, but I really do like and appreciate the comments here.I like too, that they in part support my decision to provide the lease ahead of time for review.So now I know that, I just cannot ask them to sign it, but have to wait.Thank you all.Follow-up Questions: According to Colorado Law, the lease will revert to a month to month once expired so @Deanna McCormick, can I then use January as the 30-day notice period or would I need to make that January and February?

In terms of goals, he wants passive income to support his lifestyle so he can ultimately quit his day job.

Goals, current income, your market, what kind of current or future lifestyle you want to live, your debt and monthly expenses etc etc etc.