They took it back and had is audited and redone by someone "whose been doing this for a long time" and when I got it back, the updated amount due was literally a fraction of what they initially stated (my taxes due were literally overstated by like $15k)But then, someone else reviewed it one more time and again, they caught something else they "missed" which changed my amount due again and it went up by another $4k or so.At this point, I've called in my old tax preparer and she's doing her own audit so that we can compare the 3 returns TS has given me with what she gets — which is another expense incurred for me. 

House hacking is the perfect way to get experience in investing in real estate while also covering a majority of your living expenses.

Further reading here.Bottom LineSupply be too damn low!

A few months later, tenant calls S8 for an emergency inspection and the newbie investor gets a long & expensive list of needed repairs to avoid rent abatement.

Lake Keowee has always been expensive, but I just saw a log cabin sale for less than $500k and it peaked my interest.

As low-income owners with a keen entrepreneurial spirit, we balance W2 jobs with side hustles, such as selling custom t-shirts or baked goods.

Also, if you feel a partner who may be able to lower the interest rate is necessary to make the transaction pencil, you are dealing with too low of margins.

Then, run your numbers on the potential STR income - what are your expenses going to be (they will be more), and what is your projected income based on looking at competition in your area on the sites?

Quote from @Bonnie Low: Hi, Mike!

If there are additional expenses they need to be taken into consideration such as if you are paying for water/sewer, gas or oil, trash, plowing or lawn care, HOA fees if there are any, CapEx, maintenance, vacancy, mortgage, taxes.