House hacking/Camper style.

[Evelyn Castillo]

Hey BP! So my current strategy is house hacking. I plan on buying a home that is livable so I won't have to invest much in it and rent it out while I live in a camper in the back or front of the property. Has anyone done this strategy/ or is currently doing so? I would appreciate any tips or heads up about this. My original plan was to purchase a multi-family but in my market, these are tougher to come by; single-family homes are much more abundant. For instance, I am currently looking at a property that is $295,000; move-in ready (It is close to me and I saw when they started the remodeling process). It has 4 bedrooms and 2 bathrooms. I was considering a rent-by room scenario but this home is not located near any universities and I feel like it would rent mostly to families.  I know I am all over the place but I want to hear what everyone thinks based on their experience. Thank you in advance.