Is a deal like this fantasy or reality

[Joshua Manning]

Hello everyone,

So one thing I've started doing recently is running different imaginary real estate deal through my head and on paper just to tory and get a sense for ways I could use the different real estate investment strategies mentioned here.

So the other day I was thinking about the BRRRR strategy and the house hacking strategy and was wondering if there was a way to try and combine them.

Here is what I was thinking. You find a multi family property unit for sale (For argument sake lets say a 4 unit) that is need of a few good repairs. So you buy the buy the property and rehab it, and screen it rent out the other three units based on the ARV and live in the fourth unit. And then of course you do a cash-out refinance on the property for a high LTV rate with a longer term for lower monthly payments.

I figure in theory this could work with enough patience, effort, and luck. I was wondering if any more experienced investors might know of other problems that may arise from trying something like this