House-Hacking for Dummies (me)

[Jamee West]

I am here to generate some thoughts/information regarding this kinda-sorta idea that I have! Real estate investing is new to me. In my spare time I have been utilizing BP podcast and the Ultimate Beginners  Guide by Josh and Brandon.

So real quick- I am currently renting and my lease is up in May. For my next move, I'm thinking about an FHA loan on a property that will also act as an investment at some point.

Which brings me to the idea house-hacking. Please share with me any experience/knowledge on the subject! 

Some points to get thoughts generating:

1. What are some important things to consider when House hacking?

2. What are some important things to consider when taking out an FHA loan? (Any tips on the process itself?)

3. Multi family units seem sparse in my location - any tips on searching for those types of properties (and things to consider when I do find potential properties)

4. How to evaluate whether or not I am getting myself into a good deal that will ultimately bring in cash flow 

5. Any valuable resources to assistant in the process 

Thanks! :)