House hacking and finance strategy idea

[Luis Garcia]

Hello,

My daughter is relocating to Chicago middle of next year.  She hasn't settled on where to live yet.  She may live in an apartment first before deciding.   I'm suggesting she consider a small multi family.  She will be a first time home buyer.  My wife and I recently started investing in Tucson.  

I'd appreciate suggestions on areas to look for small multi family properties.  Hoping to find a deal on a 2-3 unit that needs a little TLC.  

Also, could we finance a small multifamily where my daughter purchases one unit and I purchase the other?  This way she can take advantage of any first time homebuyer program.   Are there considerations with doing it this way if we sell?

We'll go visit a couple times between February-April and move date in May(?).  Hoping I can attend any investor events while there.  Any insights to help us get connected would be appreciated.