Newer building has seen huge increases in insurance in the past years because of the collapse of the Champlain Towers and hurricanes, but that is over and there is more competition now in the market: I have already seen the cost of insurance going down -8% in the negotiation for 2025 in one building where I sit in the HOA. 

You need to have making more income a priority.

By self-managing first you'll be a lot more knowledgeable and a better client when you do turn it over to a 3rd party company.

- Detroit is making it more and more difficult on owners that do not get a CofC.- It's usually not that difficult to make the required repairs - unless the wholesaler & their PMC have misrepresented the condition of the property!

About 40k more can possibly land you a two family but would also need some sweat equity.

Well, we don’t own a G-5 like @Jay Hinrichs 🤣, and our process is much more local, but not much different in terms of borrower and property qualification.We only lend in Los Angeles and North Orange County.

The biggest point is how much more the lots sell for.Never having dealt with HOAs, I am neutral on the subject.

If you get enough loan volume to one lender, then you can start asking for a more efficient relationship.

As I'm developing my marketing strategy for house hacking, I want to emphasize and understand who my potential roommates are and what their potential needs are.I envision the tenant to be a young professional or student looking for housing, but I would like to gather more insights:Amenities and Needs:What sort of amenities and features do young professionals and students typically look for in a rental property?

A great investing agent knows those people and will have a goal of you making money so you come back to buy more.