Depending on the cash required, I'd probably look for a partner to fund the downpayment and renos, and do an equity split.

As rental income starts flowing in, you can save and build equity faster to buy your own place later.

I want to ask cash flow/rental investors is there a certain amount in rent that you wouldn’t rent under when sourcing for properties?

I would think the IRS has bigger fish to fry than a home owner trying to save $10-$30k on their tax bill.

Moreover, new built homes are underpriced with so many incentives like rate buydowns, flex cash and cash off the purchase price.

Use house hacking to save on rent and grow your wealth.

My cash flow is not great because of high insurance rates and HOA fees.

I am noticing this trend every month from last June to now, in every market I am in besides my Miami house which still fetches multiple offers all cash.

Although I know the home I live in is no asset, I see its cash flow potential if I can be living elsewhere.

Purchase price: $46,000 Cash invested: $38,000 Sale price: $68,000 Live in fix and flip, admittedly the cash for deposit was a gift, leaving me time to live in It and fix things up.