But to get going, someone has to pick up the financial responsibility of the downpayment and holding costs.

If you can avoid doing an Ellis Act that'd be ideal, b/c it's still going to "cost you" in other ways.

There's the down payment, the closing costs AND the delta between what's left on the loan and their offered price.AND don't forget the time involved to assume the loan.

House hacking helps you grow wealth and cut down on your home loan costs by letting others live in your place.

Also, this new investor could have been exceptionally exaggeration of the ARV without mentioning the rehab costs and the disposition cost after completion.

Go with Hostaway, great cost-benefit, and it's integrated with Turno as well!

If the home sales start to increase it would be around late 2025 so by early to mid 2026 that would be your window to refinance and pull out some equity.You would probably see the rental market increase by late 2024 as the initial plant managers and workers move to set up shop. 

I just got my GC license and want to buy a property to remodel it myself to cut construction costs.

@Lucas Carl, When you talk about your cabin with a purchase price of $500k, I'm assuming a 25% down payment + any costs to furnish/fix/renovate as the initial cash outlay (for example $150k total). 

I still have 2 doors there.NEO has good cash flow, but low appreciation, high tax, it's harder to set up your team, not many resources.