Living in NYC, previously planned on purchasing rental properties upstate for income, but had a recent change of heart and pivoted to purchasing a local and house hacking (my mom would be my tenant). Recently had an offer accepted and am second guessing if I’m making the wrong decision. Anyone else have similar internal battles?

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Same here. What type of property are you buying?

It’s built like a mother daughter but doesn’t have the actual permits

So one house physically separated into two living spaces, but shared utilities? A house hack typically involves tenant paying most of house payment and you paying a little, or nothing eventually. Mom seems like the low risk option but she might prevent you from executing the strategy correctly. You also aren’t going to learn about managing tenants if it’s mom. Basically you are moving back home with mom. The idea is to maximize cash flow for the next deal. So if you can still achieve that okay, if not find a different tenant. You could also move out and find mom a new neighbor on the next deal. Also check with county to ensure all building permits were closed out properly.

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