Hi guys - we are about to close on a property soon in Philly and are planning to do the following work - -Add HVAC, Add a full bathroom and add a half bathroom, Fix kitchen (keep same layout)My contractor is saying that (Approach - 1 ) - we don't need to pull permits.

Spend more than half of your total working hours in an RE business in which you materially participate.2.

After 3 years and a half of investing my portfolio is still a bit shy of 4M, so again, congrats for your stelar growth. 

Hey Henry, I agree I think house hacking is definitely one of the easiest and most efficient ways to get into investing!

Easiest to work with?

The easiest way to get around any of this is to hire a competent property management firm to handle everything. 

The second estate he inherited was from his half brother; he once again operated their estate in a way to keep it whole and did not do land development; instead he started numerous business endeavors to keep the estate profitable. 

It is insanely hard to use and way overpriced, half of the functions don't even work properly and if you try to edit it yourself, it's so easy to mess up unless you're a Salesforce expert or a developer.

In one of the BiggerPockets groups some people were saying with the fed cutting rates a half point was a BIG change and then others saying a SMALL change.

Once the rental home is sold, my half of the proceeds will be roughly $113,000 (this is after closing costs and taxes and is an estimation based on the current market value).