House-Hacking in Orange County! Anyone doing it?

[Stephen Tanquary]

Hey everyone,

I'm currently living in Orange County, CA (Fullerton more specifically) and, due to general CA market, it has always felt like out-of-state investing is the way to go. However, recently I've been wondering if house-hacking is an option in my area. 

Is anyone out there successfully house-hacking in Orange County? What are some factors that I need to take into consideration? Some of the deals I've analyzed lead me to believe that the numbers just don't work in my area (only way I'd be able to get into a home in CA is with an FHA) Any thoughts?

In addition, I'm feeling more inclined to house-hack before going out-of-state for my first property to get some hands on experience with the property management. Maybe some thoughts on that too?

Thanks!