As it enables you to live in one unit of a property while renting out others to pay your housing bills, house hacking is an excellent strategy—especially for first-time homebuyers.

This enables the tenant to pay the same amount every month and prevents confusion or arguments.I recommend determining a fair share and then adding another 10-15% because people tend to waste utilities when they're not actually responsible for the bill.

It's easier to memorize the Starbucks menu or the NFL rosters.Section 179 basics- can deduct 100% of the cost in the 1st year- applies to 3-yr, 5-yr, 7-yr and 10-yr assets and "qualified improvement property" (a separate post would be needed to explain)- cannot create a net loss- minimum 50% business use required- other limits and restrictions applyBonus depreciation basics, as of today (mid-2023)- 100% of the cost in 2022, 80% in 2023, 60% in 2024, and so on until 0% in 2027- applies to assets with up to 20-yr life- can create a net lossBoth methods have their pros and cons, and choosing between them, as well as generally optimizing depreciation, is a job for an experienced accountant.Cost segregationWhat cost segregation accomplishes is extracting faster-depreciation property (as in 5-yr, 7-yr and 15-yr) out of slow-depreciation real property.

If you extract your equity and lever up on all of your properties every year or so, you will eventually be able to do deals that are in the tens of millions.

I am planning on installing a Wifi-enabled lock to the condo unit for entry, but I don't want people entering the property without someone being there.

In my experience the market has given my family bounds of money which has enabled me to purchase RE which in turn has appreciated and allowed me to buy more RE.

In choosing a degree, I would be looking for degrees that enable you to work one or two days a week if you want. 

In addition to using all of my immediate savings (which was not much at the time), I got a HELOC to extract every last drop of equity from my primary residence, borrowed the max from my 401K, borrowed the max against cash value of life insurance, obtained a "emergency" salary advance from my job, and maxed-out my credit cards.  

I also believe I will be able to raise the combined rents from $2500 to $3000 within the next quarter.The numbers aren't great, but I would get into them for no money down, which would enable me to use my available cash to find more deals. 

@Shawn Kalakota  not to disagree with you but no all of Aussie land has performed that way.. there is price correction going on in Western AU right now  Perth.. their economy tied to mineral extraction which is down.Eastern is about like you say.. although one being a US citizen would want to look at tax implications.. its not like US and don't think there is ability to 1031 if you make a big move up.although I like the paying rent every week like they do there and no check's every one has electronic banking so its not the weak renter we have in the US rental markets.