(One month’s notice means a full calendar month, and must include a full rental period.

@Devin Arrigo Many first time investors like the idea of house hacking for many reasons including the opportunity to see if they are cut out to be a landlord and the potential ability to have their tenant pay most of the mortgage.

For example (try  not to repeat the items listed below):- Laundry room or add washer/dryer in each unit- New roof- Individually meter each unit electric/water- Add small park- Update curb appeal to include paint.- Add small workout gym to leasing office- Update pool area with pavers and outdoor furniture-- List yours below --

I pay 16% management fee, but that includes all maintenance calls, snow removal, lawn care, rent collection, evictions, inspections, rental-ready, picking up trash, cleaning.

Monthly Costs:HOA:  $150Taxes: $38Insurance:  $15 to $20 (HOA fee includes a blanket insurance policy).

Wondering if its a good investment to re-enroll for another 6 months and get the package that includes access for the pre-licensing classes as well as the 90 hour post license class requirement. 

The rule basically states expenses, not including mortgage, will be 50% of rents. 

I'm on the right track then to include all that in my calculations and truly list all that under the 'cash to close' number. 

This will include property taxes paid, interest and penalties.The purchaser will be served with a petition notice of redemption and must answer it within 30 days.There will be a hearing and the judge will determine the amount necessary for the redemption.Redemptions don't happen very often.

Location Northern NJ, easy commute to NYC, good schools, small studio.Purchase price: 75k, has to be cash do to lack of financing on coop, fantastic conditionRent: 950-1000, very strong demandMaintenance (includes tax h/w): 305What say you oh wise ones?