.** You should also look into any potential property tax increases associated with this change.

If it's an FHA loan, the lender cannot foreclose as long as the borrower is living there and up on the taxes, insurance, HOA, and property condition.

Purchase price: $500 Cash invested: $1,123 Sale price: $25,500 A seller got behind on taxes for this 1.4 acre parcel in Colleton County and it was sold at auction.

Or can you already start making deals (and 50% profit) by just being a RENC member (fees range from $100-single, $150-couple...)? 

Used to be about $1,300/month, but after the hurricane, insurance has doubled and property taxes have taken a dent on that.

That includes the architects, structural and MEP engineers fees as well as the city permit.

I just sold a spec, I built a house for my self last year and finished a spec this year, I bough the lots at tax sale, and I was the GC, HVAC, Tile, Flooring, Cabinet, Painter, and Misc. guy, made a nice profit, but the crappy part is taxes, its like a flip, short term gains. good luck!

It's a good idea to talk to legal and financial experts about taxes, insurance, liability, rental agreements, and managing your finances.

Looking to invest in states like Texas, Florida, Tennessee or any Landlord/Tax friendly states.Any suggestions would be very much appreciated.

But one undeniable benefit of house-hacking is to ability to reduce w2 taxes for primary residence with interest rate payments.