There are things I could do to maximize income, that I'm not particularly interested in, including running more specials, dropping my off-season rates, doing more theming, allowing pets, etc.

I'm basically trying to figure out what price point would allow me to at least break even the first year when figuring income (rent, laundry, etc), expenses, loan payment, etc.

Now what if it was a $1m condo with very low land value?  

Years of dealing with lying ruthless people has made us this way, mostly in the low income space.

They’re relocating out of town and would like to sell by the beginning of the year.Here are the key details:Current rent: $1,850/month (tenant is month-to-month, wants to stay)Market rent estimate: $2,200–$2,350/monthTenant history: Has been there for about a year; was paying $2,150 at their prior rental, so an increase to $2,000+ should be manageable.Seller’s situation: They owe about $156,000 on the property and want to net around $100,000 after all taxes and fees.Existing mortgage rate: 3.5%Wholesaler offer: $287,000My position: I just bought a fixer-upper, so most of my cash is tied up, but I can access around $100,000 from a HELOC at 6.5% (15-year draw / 15-year repayment).Question:Is there a way to creatively structure a deal that allows me to leverage the seller’s existing low-interest mortgage — even though it’s not officially assumable?

I look for the classics, good school district, low crime rates and predominately owner occupied neighborhoods. 

Also do I have to pull permits from the city to fix and remodel a house?

When I was running numbers, ChatGPT suggested that having 6 roommates could be considered a lodging house and require a special license.

We do not verify income. 

What’s your house-hack buy box?