I have very cheap rent, does house hacking even make sense?

[Jeff Lundeen]

I'm looking to get started with the elusive first deal. I'm currently paying very little for monthly rent. I'm seeing some advice that house hacking or purchasing a 1-4 unit with an FHA or traditional loan is a smart way to go. Is this strictly from a funding point of view? I am most interested in long term holding for cashflow and BRRRR strategies. Is financing the reason why this is recommended?

Do the experienced people of bigger pockets agree that your first investment should your own home so that you are no longer paying rent?   Does this still apply if you can charge more rent for the unit than you are paying in rent?