Lastly, house hacking lets you live in a multi-family property while renting out the other units to cover your mortgage.

I'd talk to your tenant for a few reasons-maybe they want to buy it, they need to know for showings and they may want to find a new place to live.

I live in Australia but I’m an American Citizen.

I am looking at conventional loans, and as you said, scaling becomes very difficult based on the first method of calculating DTI, especially if you are in an expensive market.

We currently live there.

Quote from @Robert Ellis: Quote from @Daniel Rabinov: Hey, I had a similar post in the past, but wanted to repost with a bit more focus on the area - So Miami/Broward County would be ideal.I would like to hear about what would be in your opinion the best way to capitalize on real estate while living in Miami as a new investor while leveraging sweat equity. 1.

I found a very distressed property just around the corner from where I live that just had a "For Sale" sign go up with an agent attached.

First problem was a very pushy salesperson contacted me to push my listing live.

An oil tank leak could be prohibitively expensive and possibly not covered all under insurance.Gino

First off, I would lose the term "elderly" and refer to it as seniors, senior living, etc.