That's a spreadsheet that doesn't transfer to a real life leasing scenario because its not permitted within the zoning code.If the property is zoned RM1, then  perhaps you can lease to 8 unrelated individuals by converting the building into multiple units.

Sounds like a challenging but rewarding project!

As an individual with an FHA loanI appreciate any additional guidance you all have for me.Thanks! 

I agree—most of these individuals aren’t paying taxes and aren’t typically aiming to own the property.

Hi Sarah, i went to petscreening.com but it seems to only apply for property management companies, I'm a small individual landlord, do you know what proof i can ask from tenants?

With careful planning and a willingness to learn, house hacking can be a rewarding and profitable investment strategy.

We have been in contact with other individuals throughout the state and they are all saying the same thing – prices are down, time to fill units is up, and evictions are up.

Investors need to do a thorough background check on the key INDIVIDUALS that they would be relying on to invest and manage their money.  

If you're as good as you claim to be, it should be easy to show that the rewards outweigh the risk. 

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.