However, the MLS in San Diego as well as the appraisers I've worked with do.You'll definitely want to check to see how the topic is addressed in the particular locale the property is in. 

Is this the only market you are looking at to invest in or are you open to out of state investing as well?

House hacking is the BEST way to get into real estate investing and that's how I personally got started as well too.

I'd love feedback and advice from those of you who are well ahead of me.

@Mian Dingle how well have you thought this through?

I see value in working with people who want Midwest entry level homes and as well as the higher end New Construction stuff in growth markets.

well you dont say how much you have in it.. but if you can sell now and lose 10k and get out of a HML that would be my suggestion.HML  if they go into default interest and you could look at losing quite a bit especially if your HML is one of those that are not forgiving and wont give an inch on what they are owed.

One person works for a well known home builder. 

The BiggerPockets podcast was really helpful for me when getting started as well. 

I have personally invested in these types of properties in Alamance county.If you're open to STRs there's properties up and down the coast as well as lots of mountain vacation properties out West in places like Asheville, Boone, Hendersonville, Cherokee.