paint, cleaning, fixed leaks, new appliances, sheetrock repair What was the outcome?

The oil/coal/gas industry has been hit hard so we lost a lot of businesses and employees.

By house hacking, you could be doing several things at once.Lowering your personal monthly expensesLearning the ropes as a landlord to see if you like itGet awesome financing since you're owner occupiedThen, you could add gas to your investing F.I.R.E. 

“If you are driven, focused and unshakeable, then a good landlord you shall make.”But, as a landlord myself, I’ve learned that those steely traits can be developed over time.That in fact, they must be if there is any hope of long-term success.Because you quickly learn that if you can’t steel yourself against the regular onslaught of events that the average person would consider catastrophic, you cannot grow a rental business.Once the work was completed on my first buy-and-hold rehab, there was a horrendous leak.

That’s like telling someone that is broke and almost out of gas in their car to learn how to sell insurance at 100% commission job.

For example: Necessities - Mortgage, Insurance, Gas, etc; Play - Dining Out, Entertainment, Concerts/Sporting Events, etc; Investments - Property Purchas Fund, Whole Life Policy, Stocks, etc. 

In Cincinnati, it is common to have heat and water paid by LL in older properties, since it is one gas meter feeding a single boiler to heat the radiators in the various units.That being said, you are generally talking about expense conscious tenants in that C-ish range. 

Make a story about trying to find a leak.

I'm in contract for a triplex in NJ that is beautifully renovated but does not have separate water or gas for 2 of the apartments.

@Jaysen Medhurst @Greg ScottHere is the breakdown of how I came up with my numbers; since I don't have a pro account I can't download the pdf:PURCHASE-Purchase Price: $649k-Purchase Closing Coost: $14,772LOAN DETAILS-Interest Rate: 3.2%-Points Charged: 1-Loan Term 30 yearsRENTAL INCOME-Gross Monthly Income: $5960EXPENSES-Property taxes: $272-Insurance: $500-Repairs & Mantainance: 10% ($596/Month)-Vacancy: 8% ($476/Month)-Capital Expenditues: 8% ($476/Month)-Electricity: $150-Gas: $75-Water & Sewer: $200-HOA Fees: $0-Garbage: $25-Other: $200I did as much research as possible for the numbers and the rental estimate is what I got on Zillow and is pretty spot on with similar properties in the area.