House hacking with a basement apartment Provo/Orem Utah

[Jonathan Escobar]

So it looks like in the Provo/Orem market, it is not a good time to buy multi family properties because many people are looking for them and the price to rent ratio is very very low. The only way that I could see how house hacking working is to buy a single-family house With a basement or a mother-in-law apartment and renting out the top unit.

Does anyone have any insight on whether I should buy on the MLS, or find an off market deal? Do you think this would work? How many houses would I have to analyze to find a deal that's worth it.

If I do find the house, and the closest I can get is -$400 Cash flow, it is still worth it (Married housing goes from $700-$900 a month vs. putting a down payment 3.5% down plus $400 a month in mortgage costs and expenses)?