We are closing soon on a multi use building, we plan to live in the apartment but it needs a complete rehab.

It can be smart to hire in-laws from a tax standpoint if there is not additional tax burden on your in-laws.

Additionally I get price drop update emails as well.Best of luck!

Goodmorning BP family- I have added an additional single family house to my portfolio so I am now house hacking two homes.

I am a new(ish) investor living and operating out of England right now.

I am planning on House Hacking the 3 unit (live in 1 rent out the other 2)  for a year or 2 and then move out a rent my unit out.$200k is a lot of money if you are in a flat market.   

I found a multi family that’s within my budget but in the remarks it’s said to be a tear down and there’s a tenant who is still living there.

Honestly if you are never planning on moving back to the house (or the area), you are not going to cash flow especially after you add in insurance, repairs and maintenance (assuming property taxes are part of your mortgage).You have a friend willing to buy it off market-double check fair market value and sell it to them.My understanding is I would pay zero in Capital Gains because it was my primary residence and I lived there for over 2 years.

A lot of these blogs I am reading are from out of state with very low cost of living so I think If someone from this area could answer this, it would be very helpful for me.So my husband and I are currently living in one unit for the past 4 years that is part of a triplex/multifamily property in Belmont Heights in Long Beach, Ca.

Also want to name, I live in a STR permit approved area.