That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.

If you’re feeling uneasy about the potential headaches, you might consider a local property manager who specializes in room rentals or shared housing.

I think the uneasiness comes from not having enough reserves/ funds for downpayment and closing.

If dipping into your emergency fund makes you uneasy, you might consider waiting a bit longer to build it up or look for ways to increase your cash flow on the current property.

By the way - for the same reason the 1st position lien holder will be uneasy with 100% CLTV, as a buyer I would be uneasy with it as well.

I am pretty handy and have done plenty of restoration work myself and not afraid to put in some elbow grease. looking into real estate to get the wealth ball rolling but feel a little uneasy given the current state of the economy. what would you do in my shoes?! 

The uncertainty makes me uneasy though.

I've been reading a lot to understand where to start in my investing journey and I felt unsure why I was so uneasy with this deal, thank you for the gut check.to answer your questions:1.

I highly recommend the Cashflow game.I felt uneasy with how Kiyosaki would associate with other investment guru types who I concluded were shady.

Selling could definitely be an option, especially if you’re feeling uneasy about the numbers working out.