Also, define how you'll share the acquisition costs, such as the down payment, renovation, and closing costs.Payment Responsibilities: Explain how to divide and pay for regular costs like mortgage, property taxes, insurance, homeowners association fees (if applicable), and upkeep expenses.Management and Maintenance: Agree on how property maintenance, repairs, and improvements will be handled, including decision-making processes, funding for these activities, and responsibilities for performing or managing the work.Single Decision Point: For example, I've seen situations where one person agreed to replace an appliance while another strongly opposed it.

@John Guillory I personally believe that its the way in which you are presenting yourself when you talk directly with the homeowners that gives the "shady" terminology.

If you house hack, you also get a homeowner exemption on the property taxes.

Lastly, I'm a current homeowner and have started to think about our next move.

Congrats on being a homeowner.  

It was based on what I spoke on to groups of homeowners looking to be the general contractor of their own home.PM me if you have any questions.

As long as it meets all the standard kinds of coverage, the lender shouldn't care either way.STR insurance usually FAR exceeds any kind of coverage that homeowners provides.Proper, CBIZ and Foremost are STR insurance providers.

Ensure the homeowner association (HOA) allows STRs, as many condos have restrictions against them.

The relative cost of homeowners insurance is the best indication of a high-risk location.

Because of expenses with getting married and new home owner ship.