If the home still has active knob-and-tube (K&T), most insurers and lenders will flag it.

My main interest right now is house hacking — I’d like to buy my first property within the next couple of years and turn it into the foundation for a rental portfolio.I don’t come from a real estate background, but I’m committed to learning and putting in the work.

That's like no commitment at all. 

. - If tenant alerts us they will be late, our standard response thanks them for letting us know, but we are contractually obligated to send them a 7-Day - which they can ignore if they pay before the 7 days is up.2) We have 6 Milestone triggers when we try to contact the tenants to offer Payment Plans & Cash-for-Keys:- When 7 days is up, before we send to attorney for court date- When we receive Court Date Notice from court- When we receive Eviction Judgment after court date- When Michigan's 10-days to pay-to-stay is up- When we schedule bailiff- Day before bailiff date3) Our Payment Plans are formal, in writing and tenant MUST commit to specific Payment Dates & Amounts.

Make sure they are not wonky or make sure they didnt commit you to any long term leases at below market rents. 2. ask for all updates to the homes themselves and updates to utilities. 

If you’re open to working with new but committed investors — or just want to connect and trade insights — I’d love to hear from you.

Lawsuits and FTC inquiries and fines for hidden fees go back decades, and for a variety of different business types:  AT&T, the airlines, you name it.  

No pilot program - Should have started with one service or smaller scope before committing to full package5.

If you are willing to commit to a property for 10 to 20 years, you will definitely make money but no one has a crystal ball for lesser time periods.My wife was in the NAVY and we went to San Diego for four years.  

I’m committed to being a sponge and learning as much as I can about growing my network, finding reliable subcontractors in the area, and truly knowing my goals and strategies before committing to an investment.