The 2442 is a bit misleading as it during the holidays where you will have a ton of folks searching whether or not they plan to actually book.

We're selling a duplex we own and plan on buying a house that also operates as a business.

I have a strong work ethic and don't shy away from hard physical labor thanks to my granddad making me carry pack of shingles up on roofs at 6am during my summer when I was 11 years old, my pay was dinner that night lol. 

As for renting, going cash flow negative isn't great, and your home isn't likely to appreciate as fast as it would if it was a single family home, so holding with hopes of increasing appreciation may be a verrrry slow play, but if you can afford to hold, having a tenant pay down your mortgage is an additional great benefit to real estate investing. 

We are planning on house hacking this property and investing in a new property in the near future.

Then pay taxes.  

Despite these, the successful sale at $392,000 highlighted the importance of strategic planning, effective project management, and strong partnerships in maximizing profitability in real estate investments with Partner Driven.

@Amy Lin - If it were me I would have an experienced attorney start the eviction process immediately.They are probably going to hang on as long as they can rent free as they have the closing proceeds.They might care about their credit if they do plan on buying another place, so you might have some leverage there.

A family member is currently living upstairs and paying rent while the basement is vacant.I'd love to hear your ideas on how I could make the best use of the basement space.

Our plan is to sell or refinance within 15 months targeting a sale price of 3.5 million.This property is two blocks from the beach and has a high demand for short term rentals.