Also we are about to have a baby soon :) We both make 220k$Your existing property will be large cash flow negative when properly including all expenses.  

After taxes and a few other relatively small expenses, I am about $1,000 in the negative.

Our team includes a general contractor, subcontractors, and engineers which allows us to manage projects efficiently from concept through completion.Our strategy is to develop and own flex space warehouse properties for at least one year, achieve 100% utilization, and then sell at stabilization to realize equity gains and reinvest in new warehousing/commercial developments depending on market needs.We’re interested in connecting with individuals or firms who have completed ground-up flex space projects in Texas.How did you structure your capital stack or financing?

Any advice, critiques, strategy, or underwriting/math concepts are always welcome.

No need for that in any kind of business, especially Real Estate.Some people just naturally run on fear and negativity.....realize this and treat them kindly.

At first, I actually was pretty distraught over your negative review.

Hi Justin - We own a year round RV Park in SC... very similar concept except the seasonality... feel free to PM me if you want to chat.

House hacks can pencil even with slight negative cash flow if your total “live-for-less” cost beats renting and you have stress-tested the numbers.Stress test: can you cover 6 months of that negative + a $3–5k repair hit and a 10% vacancy?

So you're converting this to a BTR concept, is that right? 

Interesting concept -- I didn't think about the financing and insurance implications.