Hello All- I am brand new to real estate Investing and I look forward to learning and connecting with like minded investors.

Homeowners can rent their house to individuals looking for vacation opportunities or they can rent their house to a business owner who intends to use it for business purposes.Shifting Income from Your BusinessIf you are a business owner and do not use your home as your primary place of business, employing the Augusta Rule can be an effective strategy for moving income away from your business and shifting it to personal income, where there would be no tax consequence.For example, as a business owner, you host a monthly meeting with your Board of Directors.

This time around the seller was retiring and moving so he was looking at selling it quick to get some cash for his move.

But to be honest, I just had trouble moving forward with that strategy.

Say you do let them move-in as well and they end up smoking inside, you could end up paying a lot to get that smell out.

I would either move out and do another house hack or do some sort of value add project so you can recycle at least some of the money.

I make a little over 100k a year and have 50k currently ready for a down payment. any insight would be helpful.Hey Brandon, totally can relate with you being from an expensive real estate market - I moved to Columbus a few years ago (from Portland, Oregon which was super expensive) to become a full time real estate investor, and ever since, I've completed quite a lot of BRRRRs, flips, and own a successful rental portfolio here in Columbus Ohio.

Too many of the investors who came before us moved in to their rentals and sold them tax free. 

Just realize this will also lead to issues down the road when the four living there decide to move.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.