House hacking. Fix up or turn key

[Matt Sora]

I am 22 years old. I plan to move to Florida in some area probably near the Tampa area. I am going to move there in about a year and plan to buy a multi family home preferably a four Plex and house Hack it. Is there any advice that anybody could give me on what I should do exactly. Should I find a beating up older fixer upper and then work with that or should I find more of a turnkey property? Obviously I will run the numbers and make sure everything works on the financial side before I do anything but I am just thinking about what would be best for me in the long term and most profitable as well. I really appreciate your guys help!

[Henry Lewis]

Hello Matt,

I am an aspiring investor to the area and I will share what I have learned over the last month. 

-The Tampa market is EXTREMELY competitive

-Cash flowing MFH's are few and far between

-FHA loans are great but are not as attractive to sellers

=> Our best bet is off market deals and seller financing. 

I would love to connect and share our successes and failures as we try to navigate this chaotic market.