I don't have the capital but am currently trying to raise it. its a two story house that was broken into and well everything was stolen . cheers! 

There was a time in the 70s the nation was in massive recession but due to mainly defense spending SoCal was still very bullish and prices doubled while the rest were in a tail spin, especially places like NYC were looking very bearish.

You need to find existing Landlords who don't want to manage anymore, but who also don't want to sell right away because they will pay a fortune in capital gains.

Sure individual markets could take a big hit (I'm looking at you Boston and SF), but I would be really surprised if the national averages took a hit like they did in 2008.

Any upfront or expected large capital expenses in the first year?

My thought is that the first deal needs to be a really good one unless the investor has a lot of capital to learn with.  

Hello BP nation,I have a situation and looking for some guidance and help.I've purchased my first duplex last April/May, with intentions to house hack.  

Some of the companies out there that buy them include JG Wentworth, PeachTree Capital, Granoff Enterprises and others.

you might  get an idea from your mortgage person  regarding rate / fees / costs / payments  for this idea   using todays  pricing  just so you are aware  2)  your lender is likely  going to have to use the lesser of the  acquisition price or  appraised value  3)   ask your lender for the maximum loan to  value  they can go up to ...it may be only 65% - 70%   whereas  if you used financing to but the  property - you might be able to go up to a  85% ltv  is desired and thus  keep more of your capital  freed up  

Unfortunately i don't have enough capital to feel secure to do it exclusively.