All Forum Posts by: Devon Allgood

@Jaron Walling,@Andrew Postell: Thank you both for your quick and thorough replies. I've been debating between doing the aforementioned "rinse and repeat" plan, or buying a house that we could easily afford without house-hacking (and where we'd be happy staying put for a while), but then renting out a basement or detatched ADU to free up cash for other investments. From what you both have said, it looks like the latter will be more feasible for now--especially given that I have a family that needs more room than some of the rinse and repeat properties could provide.

I'm looking at buying my first property and want to househack it for one year then rinse and repeat. But, I can't seem to find any properties in Utah or Salt Lake County that, after I move out, would break even--let alone cash flow. Typically, there's at least a $500 per month delta between the estimated mortgage and what the property would seemingly rent for after I move out. 

Here's my question: Has anyone had any success doing something like this lately? If so, how did you analyze the potential deals? I feel like I'm missing something obvious but, as the saying goes, I don't know what I don't know. Any advice or direction would be much appreciated. Thanks in advance.