Hey @Laura Casner, I agree with others to use the local real estate and find out what others are paying.I would call an agent and give them some specs on the house you are planning and the location and they should be able to give you some decent idea of insurance cost.I would budget a bit more for repairs and maintenance for the first year after the build.

Hi community,I'm planning to house hack in Richmond or Fredericksburg/Spotsylvania and am considering renting by the room using short-term, mid-term, or long-term strategies.

Obviously, a rational person isn't going to spend every dollar in the business account and would be pointless to let all cashflow sit in cash at a bank and never make any money personally.If you have any information to share, that would be appreciated.

Research and plan using MLS data, property criteria, and financing options.

I’m planning on getting a Property Management company as I live out of State in CA.

I don't want to take on too many, but just enough to bring in supplemental income to continue with my investment plans.  

If you are expecting this person to go out and source the items and then place them in the unit that involves a lot of work, designer time, and designer energy.One way to get yourself on boarded with a designer would be to make some phone calls and see if they have openings for new clients as far as spending the time needed, because in our business time is money vs a family having their living room dining room and entry hall redecorated, where time is not probably of the essence.

I have a basic floor plan I'm looking to build and adapt to the right lot (see attached images).

I plan to sell my SFH rental.

There are lots of options to meet, I think it all comes down to how many people are planning on showing up. if we have 20 people coming then we may want to find a better place than Timmys or Starbucks but that's just my impressions.