The salt water/air makes every wear out faster.Mike

Cons: TAXES (holy cow taxes are high on the cape), high cost property (median is now around $650k I believe, expect to pay closer to $1.5M minimum or much more for the more desirable locations such as on the waterfront), relatively short season with summer being the time when you’d make the bulk of your earnings (although it’s less seasonal than you might think and units will rent relatively well all the way up through Christmas before demand finally does drop off a cliff), high utility costs (don’t forget to factor in the cost for AC at a beach house, with doors opening and closing all day, in a region with high cost/kWh for electricity, also expensive to heat in winter), hard to find labor (major shortage of cleaners, tradespeople, etc on the cape currently), high property maintenance costs (beach houses take a beating: sand, salt, big parties, hurricanes, tough weather, long winters, etc. and expect to pay a premium for both labor and materials on the cape), HOAs (high fees, rental restrictions), traffic, taxes, and taxes.

I have not house-hacked, so take this with a grain of salt, but I am thinking about it from the financial perspective, and it's analogous to owning a two- or three-family house, where you live in one of the units and rent out the others.  

Here are some examples based on our inventory as of last week:Cash-on-Cash Returns (based on a 30-year fixed at 5%, 80% LTV):Atlanta 13.2%Birmingham 14.1% Chicago  n/aDallas 10.8% Houston 12.4%  Indianapolis 13.2% Jacksonville 10.3% Kansas City 15.3% Memphis 17.0% Salt Lake City 4.1% San Antonio 9.2%Keep in mind that these are only the COC returns. 

If your True meaning of your post (comment) is that it does not really hold up anything- then you could be correct if you have the proper releases and satisfactions which most Title Companies or attorney's worth their salt, handle ahead of time prior to the closing- which normally take a little longer to close (more than 6 days from start hence my post to Raden).

I use Green River Capital - they are national with office based out of Salt Lake City, UT

So I'd take that piece with a grain of salt.

Great for HELOCs in TXFulton Bank, PA, NJ to 75% LTVGFA Federal Credit Union 10 yr draw, 10 yr repay, MA, NHGolden1 California HELOC Sacramento ValleyGolden West Credit Union, Salt Lake UTjGranite State CU, NH 90-100%Great Lakes Credit Union, Chicago area ILGTE Financial, Tampa, Sarasota area FL w 2 yrs tax history on propertyHanscom FCU, not TX or NYHarborOne, RIHSBC 70%, for premier clients only.

We have all the tools at our disposal to find out that most of the statistics online can only be taken with a small small grain of salt.

My phone has rang twice while typing this, concerned people considering selling their home to avoid the foreclosure that they see coming.So to the new investor, please take this with a grain of salt and a jigger of Patrone' tread lightly and understand your market.