You should have sent the tenants a bill and had them pay you for the damages now.

So, you can make money and learn invaluable lessons with a HH, but it's typically a much lower risk strategy than BRRR'ing, flipping or wholesaling--which are strategies that (when executed poorly) can easily bankrupt a beginner.Moreover, house hacking can be very lucrative, and there are multi-millionaires who built their fortunes on repetitive house hacking.Now, having said all that, house hacking isn't necessarily easy (if it were, everyone would do it)...it's just easier than the more advanced strategies...House hacking still takes significant due diligence, skill in analyzing the market and the property, time and effort to learn about tenant screening and property management, the ability to anticipate appreciation/depreciation trends, etc., etc., etc....and even with lots of skill and preparation, things will still go wrong (vacancy, plumbing leaks, bad tenants, etc.)

Profitability potential, and the ability to enhance affordable housing availability.

Aloha,Markets certainly vary, but $300 is not even enough to change a water heater, which is a pretty basic element to many rentals.

@Creighton Bertrand The value in delayed financing lies in your ability to buy at a discountFor example:You are able to buy a house that is worth 110k right now for 75k and it needs no work.

I listened to a webcast in which Brian Turner said one of the most important skills for REI is the ability to analyze deals quickly and effectively.

How confident are you with your ability and the math with this deal that you found?

Affiliate with a Broker who is accessible and has the ability to provide you leads and mentoring.

I don't work at a small regional bank and don't know all the details, but something about a) small bank with only a few branches and b) limited geographical footprint makes them get away with c) ignoring all the post-2008 Dodd-Frank type rules about income and "ability to repay" and needing to document that income and ATR. 

Looking for a lot of help and advice so thanks in advance for anything you guys are able to share.Essentially to sum up I am a foreign national looking to understand how this impacts my ability to leverage?