It appeals to those who want to be on the lake, but have all the urban lifestyle stuff right outside their slips.Other things you need to worry about is maintenance of the boat.

Hey @Nik Satterfield - Househacking is interesting in that you need to balance the convenience of the location to your lifestyle with its rental potential- you will have to live there for a year before converting it to a full rental and doing it all over again. 

As copied and pasted from above-(1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participatesThat's how I understand the W-2 problem... it is hard to say you spend more time on real estate than any other activity if you work 2,080 hours.Another consideration is how much you rely on the W-2 income for lifestyle versus rental income.

Some researcher somewhere would do well to find out what the "secret" here is to see if it's either a mindset or a lifestyle that others can learn from because it seems like a level playing field of opportunity.

Been trying to set a higher standard in Baltimore with my properties and lifestyle.

Account Closed I don't have any insight into your market but I've been house hacking for several years and I wanted to comment on "I realize I will probably have to scale back my lifestyle/comfort a bit".This is what everyone assumes and it's really not the case at all.

I feel like I have worked all my life since I started at age 12, I'm ready to leave the normal worker lifestyle and work for myself and own business in do time.

With a new job that is commission based, new city and new baby, I'd like to reduce risk for at least a year until I get more comfortable with my new lifestyle.

Harv Eker)I do believe that it makes a big impression on kids when you are living the lifestyle that they want to achieve.

I will in 20 yrs though when they’re all paid off by my tenants.Goal is to pick up extra shifts, keep buying/accumulating rapidly for cash flow before lifestyle creep sets in and I have to buy a mansion and a couple Teslas.That's an awesome story, Aaron.