Completely lock/key separate and 0% owner personal use.

House hacking will also give you some personal "property management" experience.

If you realize profit, sales price - purchase (and some adjustments for closing costs and capital improvements), you have taxable income. 

I would still take a look in person since Detroit is block by block.

I know there does not seem to be a strong presence on BP for people in the New River Valley area (Pulaski, Radford, Blacksburg, Roanoke) but I would like to try and get some type of networking event going (either in person or in an online group). 

It is money I can take out early and avoid the penalty because of a divorce but it has to go to a personal bank account and it has to come to me in a lump sum.

I have personally been involved in house hacking and furnished rentals for over five years, and it's been fascinating to see the quality of mid-term tenants we've had over the years.However, it's worth noting that in our area, the demand for short-term rentals on platforms like Airbnb and VRBO has declined in the past 24 months.

=P@Matthew Kwan@Carlos Valencia Realizing the possibility that I may have to use both is VERY real.

It's your property and investment.Of course you don't want the maintenance person taking your $300 set of a steak knifes.  

I'm not the sharpest tool in the shed, and if you give me a penny for my thoughts you'll get change back, but I grew up in Texas and we're grass fed on personal responsibility down here, so...