What’s the plan if rents drop another 20-30% next year?

I only know about the times where this was found out prior to closing, obviously I have no way to know about the times this shady behavior wasn't found out.Since you get a vote in who this tenant is, and it's retail, PSA that commercial lenders (especially the ones offering the best terms...) are starting to vet deals by how 'recession proof' the tenants are, even if they are currently paying on time.

It's what other are willing to pay but not a reflection of what you can.

Hey @Tori Trent,It sounds like you have a great plan in mind!

I have 2 properties with them and plan to do another soon. 

I am a newbie and plan to learn more hereThank

@Michael ClarkI recommend finding an accountant who specializes in real estate taxation and tax planning.

I went into the course assuming I was paying $10k for a streamlined acquisitions process but what i got was two days of narcissistic self-aggrandizing guru garbage, a “mind map” that looks like it was thrown together, 34 “strategies” that can be found for free on BiggerPockets sprinkled with juuuuuust enough guru gimmick word vomit and hand waving to impress the eager and inexperienced, several of which were repulsive and absolutely predatory..Instructing students who get their offers turned down by a seller to walk out of the appointment, get in their car and blast out the property out to cash buyers anyway..  

I would get very close to breakeven, but you are still living for practically free (not counting repairs, maintenance, and management) while paying down the mortgage on a monthly basis.I have never purchased a new property to house hack, but I would run the numbers like any other investment property.

Quote from @Dayton Bourassa: First, the spreadsheet looks nice.Second, I don't see anything planned for ongoing maintenance or capex.