House Hacking 1st time buyer

[Aaron Arnold]

I am planing on house hacking my 1st property at the start of the new year. I will have about 10k and probably take another 10k from my 401k. I live in Phx area and plan on purchasing a property at least an hour within the downtown area, perhaps Tempe as ASU is there. My initial goal is cover my portion of the mtg with rents and see how it goes from there. Any advise would be greatly appreciated? Also is there anything I should avoid or be aware of? Thank you in advance.