I love seeing people consider house hacking , especially in the New England marketwahat great way to build equity , learn a few things and set yourself up for the next property.Respect to the hardy willing to step back and jump forward with this process

I'm also a big fan of facebook marketplace and driving for $$.Good Luck!

Lots of the homeowners rent their yards to gator fans wanting to park for football games.

I say stay in the New England area but that is just my opinion.

, sump pump, and plumb laundry into the ejector pit.Electrical - $1,200Pretty straightforward, replace some breakers, ground some outlets, install a fan in the bathroomFoundation and Plaster Ceilings - $15,000A retaining wall needs to be built in the basement and backfilled in order to prevent any issues with the soil washing out (!).

as long as you go with a well known or local lender that is verified real you should have no problem.. try to find local company that knows your market well.be very cautious of the too good to be true send me 500.00 or 1000.00 commitment fee brokers.. some are real many are just what we call in the industry "advance fee scammers"  If your a fan of American Greed watch the episode on REmington financial on U tube and google Ingrid Robinson this will give a look at what I am talking about advance fee scammers.. you make a post like this and you might even hear from a few.

Let your tenants know that rents in the area for similar properties are higher than what you are charging, and based on the expenses you incur to keep the property in great shape, you need to increase the rent to market levels.Of course, also throw in how great they are as tenants, how much you appreciate them, and any concessions you're willing to make in order to retain them (for example, if they've been there for a year, offer to paint a room for them or put a nice fan in the master bedroom; if they've been there for several years, perhaps offer to replace the carpeting in a couple rooms; etc).Remember, it's MUCH cheaper to keep existing tenants -- even if you're getting a bit below market rents or have to provide incentives -- than it is to replace tenants.

Hey Houston, I am an out of state investor (but mobile), looking to BRRR invest in Houston ,TX, I am a fan of the micro demographic data and trends.

Some of these apartments even have heat pump/heating and cooling... so the 4 cold months of New England, I get a good sized electric bill... but evens out the rest of the year with small electric bills.

Not always a fan of unbrideled capitalism, but in this case its a very good thing!