@Christopher Lynch I evaluate a house hack the same way I evaluate any other rental property, because the intention is that some day, ideally in only a couple of years, I will move out and repeat it, so the first property will end up as a pure rental anyway.So I need to make sure it stands on its own in that regard, and I figure market rent for “my” unit in my analysis even if I’ll be living in it myself for a couple of years.As far as “rules”, I have used the “50% rule” a lot, especially when doing an initial pre-screen of multiple properties to determine which are worth spending more time on, going to the next level of detail, maybe going to loook at the property, etc.I only do so because it seems to have a basis in reality often enough to be useful in my (our) market right now,  both for my own properties and some other local investors I compare notes with periodically.

However, the reality is, at the time of lease signing, you don't really know. 

They see it on tv reality shows, they hear about all the wealthy gazillionaires that either made their wealth in real estate or put their wealth into real estate... and these people you meet want to invest in real estate but aren't willing or aren't able to put in the time. 

Based on the reality that very few landlords actually bother to study the codes it was not off base for me to suggest the same to you.

The reality is if you do a 203k and mention you're going to flip the property the lender may not want to do the loan for you because if its paid off within certain periods of time like 6 months or 180 days or less the lender may receive a charge back. 

I am not predicting anyting here (the market looks solid), I am just recommending that you don't join the madness and keep your offers in the realm of reality.

I am not predicting anyting here (the market looks solid), I am just recommending that you don't join the madness and keep your offers in the realm of reality.

I would love his take on this.what we find on the west coast is simply a deed signed even though not recorded is a valid instrument.so you make a loan have someone sign a deed in Lui same day and reality is they dont own the property since they deeded it back to the lender same day.. 

The reality is if you are looking at a house with 8+ offers and you are FHA you are not getting it. 

I just stumbled across this little app called  ARPlan 3D that allows you to stand in a room, and create a digital 3-D model/floorplan with measurements. It's pretty neat! I was playing around with it today and thought...