Pros: It's a seemingly very hands off process and I have met fabulous local property management.

It would also lessen my out--of-pocket on either hard money costs or cash I spend, so I'd have more to work with to acquire more properties.

I was thinking of using these funds for the closing costs instead.

Partner Driven financed the Tip Top Road deal using its own capital, covering the $330,000 purchase price and $20,000 in renovation costs.

He funded and I managed.

You'll need to get a loan through the bank and even then, you'll have a higher cost than 2500/mo

Just a quick question for Georgia and North Florida landlords and property managers.

Made around 35-40k year (profit).In February I started a W2 job in property management.

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.

We just adjust our rents accordingly based on average cost of the water.