The best advice I can give you starting out is to stay out of consumer debt and save as much money as you can.

Save your money and house hack in a few years.

It could be heat in the winter(in Michigan) or AC in the summer (imagine them running AC at 70 degrees all summer in Phoenix) or just general disregard for leaving lights on and things like that.

Obviously the financials must make since and there is seasonality to the income, we'll reach out to our insurance broker to see what that'll run.

If your flip runs over budget or you can't sell, you may find yourself in a pickle that is very expensive to escape.

I would then plan to use this forced equity (since I plan to buy a fixer upper) to invest in another home.I have been constantly reading to househack right into the MFH, but this may take some time for me to acquire the money and purchasing power.

If you have money that you want to invest, then consider the rentals and pushing for the income stream.

So, there is a premium demanded by the property owner to lease his property short term rather than long term.

But Lynnbrook would handle your money just like Airbnb would and payouts come within 2 days of check-in.

I asked a lender to run an estimate for me and I was shocked at the amount of fees that I need to pay.