If it’s a buy and hold, and you do proper due diligence before you buy like getting an inspection, I don’t see it being risky.

I’m kind of a stickler on making sure everything functions properly and repairs are made promptly.

The contractor needs to either be properly educated on the 203k or have verifiable experience with the 203k.

To fund these repairs, I used the same HELOC.As you can tell from the before and after pictures below, the differences are mostly a function of higher quality photos.

If anyone could give me some tips on what to look for in multi-family homes for house hacking and how to run the numbers properly that would be greatly appreciated!

Greetings, I'm working on an off-market vacant land wholesale opportunity and have a couple of questions about how to properly determine the end price I should assign this for.

Unsolicited advice, but consider the tax implications with this.You may be able to take capital gains tax free from your personal residence.If you rent it out for certain period of time that benefit goes away.Consider taking the capital gains to buy separate rental property.Either way, definitely use a PM or Realtor if it's your first rental to get the proper background checks, paperwork, and highest quality tenant.

I am looking to have some plumbing work done on a 6 flat in Pilsen ( the drainage in the crawl isn’t functioning properly).

@Daryl KingYou want to speak with a tax advisor to get proper tax advise.You may get a back-dated appraisal if the property was already distributed to you.

If that was flagged as a violation, then it probably isn't located in the proper place close to the ceiling?