Assessing the financial viability of the project with available sources of fundingI ran this analysis  by comparing my net worth before and after the project was complete, with estimated values is whether my net worth increased when I move the dollars in my bank account into the property.

We went from a historic less than 50% collection month over month, to our highest collection of 80% in a given month.Today is March 6th and we collected 32% of the rent - A major increase.

When deciding between investing out of state vs home hacking in Oakland, keep the following in mind.Oakland House Hacking:Proximity: Living in Oakland while house hacking enables you to maintain a close proximity to San Francisco, which might prove advantageous for property management and maintaining connections with the local market.Possibility of Appreciation: Property values in the Bay Area have increased historically, which is good for accumulating equity over time.Local market dynamics, tenant preferences, and potential obstacles might be simpler to comprehend when one is in a familiar location.Demand for Rentals: Oakland has a robust rental market, and you can discover good demand for rental units if you pick the appropriate property and location.Creating Local Connections: If you live in the Bay Area, house hacking can assist you in making local contacts with property managers, real estate agents, and other investors.Investing Out of State:Investing outside of your state may be more affordable and enable you to use the same funds to buy more than one property.A few out-of-state markets can have more favorable cash flow prospects in contrast to the pricey Bay Area market.Geographic diversity, which can help reduce risks related to market-specific variations, is made possible by investing in a variety of markets.Hiring a local property management business, which offers a more hands-off approach to property management, is often necessary for out-of-state investments.Remember, both options have their advantages and challenges.

. #1 - Charleston, SC area - Worth: ~800k / Balance on mortgage: $230k / Excellent rental history 5y+ @ $3,300/month / Divorce buyout #2 - Syracuse NY area - Worth: ~600k / Balance on mortgage: $185k / No rental history (just inherited with brother) but in a desirable area so local realtors say it will rent easily in the $2,000-$2,500 range / Brother is partner#3 - Kansas City, MO - Worth: ~200k / Balance on mortgage: $100k / Excellent rental history 4y+ @ $1,200/month / Divorce buyout First choice is to pay off partners in a clean lump sum now (one wants to buy ASAP in another market, the other wants to build ASAP), but I'm open to brainstorming for options.I live in Portland OR and rent my primary address. 

In my area when their lease is up you would give them notice to vacate or the rent increase.

One at 375k and one at 295k both are worth around 650k each.

It seems too good to be true and is pretty pricey for someone starting off but I could see how it could be well worth it.

It would be great if they could have the option of reporting to credit bureaus to increase their credit score. 

For me, for "rescue capital", the terms have to be unbelievable and phenomenal and I would rather structure it like mezzanine debt whereas if the GP fails on the obligation you could step in, take it over and they lose their ownership in the deal.Rescue capital is very risky and like VC for seed funding, you could lose it all, so it better be well worth it.

If you renovate, could you increase the rents by a lot?