To help you decide, here's an overview of both options:House Hacking Advantages: Immediate profession, easier financing, potential for rental revenue.Cons: limited to multifamily properties.BRRR (buy, rehab, rent, and refinance):Pros: Equity building, a variety of property options, passive incomeCons: Higher upfront expenses and longer duration.If your primary objective is to lower personal living expenditures, house hacking may be a better alternative.

At the same time, we can talk through the potential renovation costs of the two scenarios to determine which makes the most sense given your current situation and the condition of the building.My personal opinion is always, more cap ex (behind wall MEP) renovation is better to tackle all at once.

3) There is potentially a delayed transfer upon death if done through probate4) They may not want to deal with the 'time' it takes to manage the property

If you plan to buy 100 rentals, you may potentially be eligible to claim real estate professional status.Furthermore, another thing to be known about Ohio, is that there are a lot of locality filing obligations on top of what is required at the state level.Therefore, for example, if you have a property in the maple heights, you would have to file a return reporting your maple heights income/expenses in addition to the Ohio State return.

While living there figured we would look into investment opportunities and so wanted to start figuring out what we can in terms of options and potential moves. 

Before you go any further I’d do a little looking around at some other properties that you might be interested in buying with your boot from a potential 1031 exchange and see if they’ll get you anywhere near your current rate of return.

Hello all,I am a newbie to this site, and wanted some guidance as I navigate potentially buying a 1-1.25 million rental SFH property.

I think the loans automatically drop the PMI when it hits 78% OR if you think the property value has increased (perhaps because you did work to it) then you can get an appraisal and potentially get the PMI dropped sooner.

The potential is there for you to increase value and cash out of the hard money loan with long term financing which could put you back to minimal or no cash into the property. 

I'm new to the real estate scene and was wondering how to handle potential tenants who want to book months in advance?