Trying to narrow down a househack strategy in San Diego

[Anh Nguyen]

Hey all,

I'm pretty new to real estate and was originally considering buying a starter condo around 2024, but am now sold on house hacking. Below is some background information for context and a few options I have so far. I would appreciate any feedback on each route or any additional ideas. 

Income: 120k

Downpayment: 5%

Credit: Excellent

Goal: Low effort equity building through house hacking

Area: North of I-8, West of I-15, South of Escondido

1. $600k SFH 3bd Condo - Rent out two rooms

Mortgage: $4500

Room 1 Rent: $1000

Room 2 Rent: $1000

2. 1.2Mil Duplex 3bd+ - Rent out one unit

Mortgage: $8500

Unit 1 Rent: $3000

3. 1.2Mil Duplex 4bd+ - Rent out one unit, rent out a room in other unit

Mortgage: $8500

Unit 1 Rent: $3000

Unit 2 Room Rent: $1000

4. Option 2 or 3, but do STR with a property manager instead of LTR

Thanks!

[Chris Vargas]

Wow $300 of rent! I would stay put and and save as much money as you can to put it down as a bigger down payment once we see the market drop some more with these high interest rates.