That is the power of owner occupied terms. 

Originally posted by @Dan Powers:@Al Diaz I highly recommend @Stacia S. for staging and any other project management needs you have Thanks, Dan.

And the powerful strategy of house hacking is most accessible with w-2 income. 

Definitely low hanging fruit.So, when I see the 25% COC number, is that assuming traditional financing and self-management with cleaning fees, etc. accounted for? 

Its offers powerful cashflow and there are a lot of business/services that can help you with that. 

You can lose spending power to inflation but you can lose your shirt elsewhere.

Your income will go a long way for you with your buying power when qualifying for your FHA loans.With closing costs and everything, if its not a major fixer, 75k is probably a safe budget to play with.

It snowballs quickly and before you know it you've paid off the property in 5 years, or completely recharged your buying power, however you view it.One thing, if you haven't found a first lien HELOC, go get that instead.

Hi Andy,Flocked or not, you might want to consider paying a service to remove it.It's a lot of arms overhead scraping and at the end of the day you'll be glad you did.A good painter might have the equipment to do it.And with 3 guys on it--bingo--gone like it was never there.Just have them leave the wall in paint ready condition--and you may have to prime before painting.Also spec broom clean when done and provide them with somewhere to discard the demo refuse.Good Luck!

I've painted a bunch of nasty old brown paneling and it always looks better afterwards (clean with TSP, Zinsser primer, paint).Not great pics but to give you an idea of before/after: