Need your advice on house hacking in Las Vegas

[Van Wang]

• Hi BP, I'm new to RE investing and I'm looking to start by finding a property to house-hack in Las Vegas. 
• Background:
  • First-time home buyer
  • Up to $100k for downpayment
  • Open to explore different parts of the city or even other states
  • Open to leverage FHA or DPA
  • Willing to settle for breakeven
  • Ready to close ASAP
• Challenge:
  • Finding a property that can fully cover the mortgage through house-hacking and breakeven or potentially cash flow in Vegas, or other no-income-tax states.
• Request for Advice:
  • Scenario 1 - Stay in Vegas and find a property that is viable to house hack
    • How are people house-hacking in this market? Any advice or lessons learned?
    • I'd be happy to breaking even, but is it possible to house-hack and cash flow in this market?
    • Where can I find the best deals? Where can I find real estate agents who have access to off-market deals?
  • Scenario 2 - Move to another no-income-tax state to find a property that is viable to house hack
    • Which market, among the no-income-tax states, is more feasible for house hacking?
    • What else should I be thinking about if my goal is to live for free?

[Bradley Buxton]

@Van Wang

Have a look at the Reno, NV market. It has tech and manufacturing job growth and all the signs for solid appreciation. With the proximity to Lake Tahoe there is a huge draw from CA. We are still finding some good house hack opportunities with 100k down. STR or MTR are also an option to increase cash flow.