Is House Hacking in NY area a good option?

[Vivan Bhalla]

Hi,

I am a 29 yo investor who is planning to make an investment in the coming future. I live in Newport, NJ and pay close to 1600$ in rent and share the place with roommates. I am sick of paying rent and moving everytime because the building decides to increase rent. I believe the NJ, NY area is pretty good and would see myself living in the future. Thus, I was considering doing a house hack to save on rent. 

From my research, Manhattan is definitely not an option but other boroughs like Queens, Bronx might be. Also, Jersey City could also be a good option to house hack. I tried researching and could not find much posts of people who do this. 

Is there anyone in the forums who currently does it or has done it in the past, I would like to understand your situation and see how I can do it for myself. 

Thanks