House Hacking in Fort Lauderdale

[James Ross]

My goal this year is to purchase my first multi-family and I plan on house hacking it to learn the business before scaling. What has been your experience with multi-family properties in the greater Fort Lauderdale area? Any insights would be greatly appreciated. 

My guidelines thus far are:

- Purchase with a conventional loan with 20% down (waiting for the sale of my condo) 

- Live in Victoria Park, Wilton Manors, Pompano Beach, or Coral Springs (or another good area)

- Have the cash flow cover at least the mortgage, insurance, and property tax (using the rental calculator on BP)

- I'm mostly looking on Redfin for deals