Starting Out - House Hacking

[Charlie Gagnon]

Hi all! My name is Charlie Gagnon and I am a Real Estate Advisor at Engel & Völkers Boston. I am very eager to get into real estate investing and to buy my first rental property by the end of this year. I am reaching out for any and all advice on how to house hack in an expensive market, like Boston, MA. 

My current plan is to use an FHA loan and to purchase a 2/3/4plex, live in one unit (owner-occupied) and rent out the other units. I am open to any size, as long as I am getting the right deal. At the very least, I want to be breaking even, or even better, having positive cash flow.

I am also thinking that seller financing may be my best option- as obtaining such a large loan may be difficult (maybe not?) Have people had success with seller financing in Boston, MA? 

In order to find deals, I have been using MLS and other Real Estate advertising sites, and am analyzing 3 rental properties a day. Additionally, I plan on cold calling homes in the areas of where I am looking to buy, and driving/walking for dollars.

Let me know what you think. Again, any and all advice/tips would be much appreciated. 

Thank you.