I would run numbers with pretty high interest rates if you want more cash out than 70-75% like @Brie Schmidt mentioned.

I wouldn't do it unless your market is highly competitive and it is necessary for getting applicants.I have my tenants handle their own utilities for a couple of reasons:1.

I started looking for rental properties but was quickly discouraged at the super high prices of everything in my area.

If you are telling people you pay 10% interest and they are used to getting 3-5%, their mindset may instantly think your proposal is high risk.

There are large investment funds with thousands of single family homes, I can't image they have an LLC for each home.

This strategy can be lucrative in tourist-heavy or high-demand areas but requires active management.Lease Options:Enter into an agreement where you lease a property with an option to buy it later.

Most house hacks in high cost areas don't really cash flow.

I'd highly recommend Julie Vanslambrook with First Properties of the Carolinas, Inc.

My main reason for selling is the high HOA fees.

We're personally testing them right now to see if the data quality is high enough to switch over but the jury is still out.