Hey all,Just got my first house hack in Orlando.

I have house hacked a bit, and have flipped 2 houses (homes I lived in).

I live in a smaller and older suburb of Fort Worth where I am less likely to get tracked down (I see evidence of work on properties all around me that are clearly not permitted or up to code), but also know that the specs on the house will change with the appraisal district once I get the property refinanced. 

If you're looking to just stay legally compliant, I would check your cities laws regarding rooming houses.

We are purchasing a house with the intention of living in the house for a year and turning the property into a rental.

If I were to open up a separate real estate bank account, I would then have to add funds consistently from my W-9 job - which in my opinion begins to blur these two accounts together anyways.Should I still open up a separate account for this first house hack, or wait until I buy the 2nd property, which would provide consistent cash flow that will go directly into that account?

After 20 years of buying and selling real estate this morning it occurred to me that if somebody offers to sell their house for let’s say $250,000 “as is” and you agree to pay that exact price with no contingencies, but other people are interested in the property , then that seller can just raise his price and not sell the property for the price “advertised”.

Comps will be difficult, and he'll be looking at the recently sold houses.

With one million dollars and picking up the houses while distressed and refinancing you can build an extensive STR portfolio. 

We obtained private money, a fix and flip loan, bought the house, completely rehabbed both sides , and then refied it.