Read the Ultimate Beginners Guide here on BP, and there’s a lot of blog and forum posts on house hacking!

I ultimately decided I would upgrade when the equipment failed.      

because its the government's money and goddamn they will get it.In that situation, you are ultimately responsible for the water bill, with the ability to seek reimbursement from the tenant on your own.

I sold the condo in October of this year for $108K so the numbers ultimately worked in my favor, but had I purchased at the wrong price and had higher special assessments been passed during my time of ownership, I could have very easily been in the red on that deal. 

Might have ultimately been answered but check this outThe Ellis act has been used to vacate a building, to perform substantial rehab and work, but more often than not, to essentially tear down and build more density.

Ultimately it turned out the two founders were a total fraud.

They may hold you at bay for a short while, but ultimately it is your property and even in a mess of a state like yours, they will end up on the street..

For additional context, I have not made a real estate investment prior, but do have capital sat aside to do so - which is why I wanted to reach out to seasoned investors to receive input on whether you believe it may be better to hold onto the capital to ultimately deploy into an investment and/or look for a local mentor who might be more hands on and may sponsor as well? 

I call it the ultimate house hack (Click here to view it).

Account Closed Okay that is good than, so if your ultimate plan is to live there for a period before turning it into strictly a rental check and see what is renting in the area, crunch the numbers.  5 Bedrooms seems like it'd be better used turned into a multifamily (JMO).