Advice for house hacking

[Josh B.]

Im new to bigger pockets and real estate in general. Anyway, I'm 21 and trying to figure out how I can have more financial freedom. I live near park city, in a small town called coalville. I've been attending the university of Utah, and I commute 3 times a week. My goal is to live in salt lake but I feel as if rent is pointless and I'm throwing money out the window. I recently found out about house hacking, and was wondering whether it'd be smarter to buy a single family house and rent out the rooms or buy a multi family house. Open for any advice!!

[Colin Princi]

I just got my first property ~3 months ago, and had a very similar approach/interest to yours. Yader makes a good point regarding the roommates. Personally I'm not too hot on sharing a SFH with potential strangers. I found a property w/ 2 small homes on it. I currently live in the back unit and rent out the front (higher rental value). I am considering cleaning up my back unit to a hospitality level, and post as AirBNB for weekends when I am away for additional $$.

Just something to consider, I feel this option has given me much more privacy (and options) than a single house would.