Engelo is a True American success story.

Planning to buy it now, rent it out for 4-5 years and sell it when its time to buy the bigger house.Do you think its financially wise to go through this process before the big house purchase?

I am also in the process of getting these properties into LLC's to minimize liability since these are now quite hefty assets.

So far just finalizing the purchase process and I believe I've adhered to all of the requirements thus far.

You and your partner took on a massive project but along the way solved someone's problem, learned a hell of a lot, and successfully flipped the property!

According to the managing broker, if I put my head down and worked, I could make $15,000 in my first 12 months, give or take, because of the process of getting my foot in the door with meeting people, advertising, and so forth.

It's great to hear about your successful house hack experience with your STR duplex in Charlotte, NC.

Anyhow, i have a couple more days to appeal, and am in the process as we speak.

It’s a bit of a process with several steps, but it's totally doable and well worth it for the added income!

However, getting from simple Phase I/II due diligence to developing a remedial plan can be a large and complex process and costs would have a wide range until more is known.