I am debating between house hacking in the Bay Area for my first property or buying my first property out of state with the help of a property management company.

Hope it helps. 

@Matthew Mclean May not apply to your loan but for others that read this they may need to make sure there is no pre-payment penalty.

The best thing to do would be to consult an attorney, but likely, that is not an option for everyone starting out.I'm not an attorney, and this is not legal advice, but some of the information that we include in our contracts is:- A clear scope of work - Payment schedule / Milestones- Change order approval process- Allowances for finished materials- Reasons to terminate the contract- Expectations for start date (X amount of time after final plans /permits are received or X amount of time after the contract is executed)- General schedule and timeline (This is where you could specify an end date - however it may be better use incentives rather than liquidated damage if your general contractor is late - we've done both, but found General Contractors respond better to getting something if they get done early instead of being punished for being late. 

This would normally depend on the condition of the property and the Condition of the tenant.  

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, hence the i/o payments, in addition to having a strong value-add element.

I was so excited to attend the BPcon24 in Cancun this year.

I was so excited to attend the BPcon24 in Cancun this year.

I was so excited to attend the BPcon24 in Cancun this year.