Talk about a House Hack! Millionaire living on Galveston Island, Texas

[Jeffrey McKee]

What are yall's thoughts on adding a mansion-style house hack to your portfolio? I know what everyone is thinking...,if you can afford a million-dollar property you wouldn't rent the rooms. Well let's say you can't afford it, but you could get a DSCR loan and or a partner that would help with downpayment. Could this be a good short-term rental play? Grab value while they are low and sell in a few years. Let's talk texas gulf coast while we are at it. I am Legit looking for a short-term rental near the Gulf of Mexico so I can begin to act on the sail around the world in a sailboat dream.

Grand Manor Mansion is located in Galveston's East End Historic District and has been named one of the top 9 B&Bs on the Island
  

[Wilson Vanhook]

Would buying a property with a DSCR loan be considered a house hack? To me, when you say house hack, that means buying a property as a primary residence with a low down payment, living in it for a year, and then moving out and renting it. Or buying it, living in a room and renting the rest of the rooms out. But if you use a DSCR loan, it's an investment property at that point with 20% down and you just rent it out like any other investment.