@Benjamin Carver
Hey Benjamin I am a realtor and investor and a few years out of college. I am currently doing house hacking inside the loop (meaning within I-610) . House hacking is a fool proof method if you are ok with roommates. The matter all comes down to location, your living preferences, and budget.
For example, how many people are you willing to room with? Also if you want to be inside the loop due to proximity to downtown, midtown, certain bars, restaurants, museums, UH, etc your budget will need to be higher than if you want to house hack in the burbs. Reason being is land is more expensive within the loop. There are also a lot of sketchy and now gentrifying areas within the loop so it’s important to know where to look. 350k+ can get you a 2100ft 3/3 townhouse small to no yard where you can rent other 2 rooms out vs say in katy you would only need 250k for a 3/3 and would get a good yard. Or as James was saying you can get a older house in a worse neighborhood for 150k and charge $400/room. Ie I charge $950/room because my house can warrant that. It all depends.
Feel free to reach out and I can walk you through my specific deal. I can also split commission with you on your purchase.