House hacking with a property manager
I am interested in your guys' opinion of still using a property management company while house hacking in a 2-4 unit MF. The biggest reason behind this is getting the 2AM knock on the door because your residents' toilet is clogged or something of that sort... I believe that using a property manager is duable as long as the numbers work, or at least saves me money by not throwing it away on rent. I would prefer not having to deal directly with a tenant(s).
The reason I ask is because I hope to buy a duplex and live in it the minimum amount a FHA loan requires (typically 1 year???). After that time is up I would move out and rent out both units and begin to cashflow if the property wasn't doing so already. Obviously before buying I would make sure the property would Cashflow after I moved out.
Let me hear your thoughts!