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Updated over 6 years ago,
House hack vs live in rehab strategy in SLC
I'm moving to Salt Lake City in October and will start the search for my first investment property soon after. I'll be looking a property that would initially be a primary residence but ultimately converted to a long term rental. My goal is to get some initial experience in real estate while benefiting from the financing options available to an owner occupant. I know deals are hard to come by in the present climate and I'm curious what locals think has better opportunity at the moment - house hacking small multi family units (or SFH with an ADU) vs live in rehab for SFR? Any areas or neighborhoods you would focus on? My work will take me all over the valley, so anywhere from Ogden to Provo/Orem is a possibility.