The property on Muirfield Road is a five-bedroom, 5,100-square-foot Tudor-style home, built in 1926, on a 22,000-square-foot lot, including a swimming pool, guest house, and a stairwell area with a neon sculpture by Dan Flavin.

Purchase price: $107,000 Cash invested: $15,000 purchased ocean front 600 sq foot studio to renovate and rent out weekly What made you interested in investing in this type of deal?

@Eric KullingLenders shoot themselves in the foot by not understanding or attempting to understand this loan.

Cozy's tenant screening is more robust looking, but I'm fairly sure they are both pulling from the same data sources.Zillow's funds hit my account a few days faster than Cozy usually, so I like that. 

This property is only a few doors down, and is selling for $158,457, has 3 beds and 2 baths, and 1,724 sq ft ($91.91/sq ft).If the property was rehabbed and the price per square foot was the same as the reference house, it would be worth $160,479 (1,724 * $91.91).If it cost $30,000 to fix the house, that would put the all-in cost at $85,000, and if the 70% rule is applied, then the max list price is $112,335.3 ($160,479 * .70)... which is higher than the all-in cost.Factoring in all other expenses like taxes, loan interest, fees, etc...the final cost would be roughly $113,321.So, in the end, sells for roughly $160,479, money in was $113,321, which is about $47,158 profit/41.6% return.Does this make sense?

That training can include how to find deals, strategies to get your foot in the door so you can start up a conversation with home owners, software, marketing, etc.

I wanted a way limited risk opportunity to get my foot in the door with real-estate.

I want to start off on the right foot with trying to do a live-in flip.

Make sure the overhead doors handle 14 foot clearance.

I have nothing but good things to say about house hacking, it has helped me get my foot in the door of real estate investing while learning invaluable lessons along the way.