To house hack or not?

[Jesus Lopez Jr]

So I've been contemplating house hacking our next property and renting out the current one we live in now. With interest rates so low, I've been really tempted to pull the plug and find our next home (for a year). Currently live in Goodyear, AZ and the market is HOT, house are flying off within a few days. I really want to start building our rental portfolio and think that house hacking is the best fit for us at the moment, but just not sure how risky it would be to do it at the moment. Our current home would cash flow a pretty good amount, the only thing is finding a decent priced home to move in to. Has anyone house hacked successfully during the market right now?

Would really like to hear what everyone's experience house hacking has been like this year? Any insight on why it is or not a good idea to do it during these times...