It was presented to me by my Real Estate Agent and the person who ended up mentoring me!

I’m still coming out of pocket $115 per month to cover the mortgage and condo fee, not including extra maintenance and issues down the line.

It would depend on how much rehab you plan to do including the materials you plan to use and timeframe for turnaround.

Unfortunately, the existing tenant is in the process of being evicted for non-payment since June, though I can afford the expenses on a monthly basis without tenants, including mortgage, insurance, and utilities, etc, as well as savings for vacancies etc, so I feel relatively confident that I can manage if the eviction takes time or if I can't find a new tenant for that apartment immediately. 

Cash and original capital going into a flip now.CPA did TY2022 partnership return in March 2023 which included two separate K-1s for my spouse and I splitting the losses (~$2111 each). 

So glad to have you joing the community and look forward to seeing your journey unfold, including this first house-hack investment. 

The property I think is stuck until she passes.Other alternatives usually include Trusts, even Transfer on Death deeds if available in your state. 

I did include a link for you too.

So, the sales contract should specify any inspections etc you want to do, including reviewing a copy of the lease and also getting estoppel forms signed so that you know what the current rental situation is in detail and that the tenant is attesting to that so there are no disputes later.

While the former presents a classic investment opportunity, the latter has caught my eye for its unique and potentially lucrative approach.As someone relatively new to this field, I'm aware that there might be aspects I haven't considered or opportunities I'm overlooking.