Here are the details:Purchase Price: $330000Downpayment: 10% (savings, family assistance, and small 401k loan)PIMI: $1950/moRental Income: $1150/mo from one side of duplex, $700/mo from room mate in my unitMonthly "living costs" = approx. $200 before utilitiesI ended up using a portfolio lender for this property, as I could not get approved for a conventional loan, due to a 12 month sabbatical I took to travel the world.

I’ve written elsewhere on bp about how I’ve made my personal housing expense negative (I got paid to have roommates while living for free in my 5/3 house.)

I went with a rather nice place hoping that I would be able to find a quality roommate, but the Air BnB idea seems more exciting to me. 

Living in a high CoL (washington dc/northern virginia) area is killing me because there aren't any real duplex type setups in the area which means i'd end up with a roommate to house-hack.Go 10% FHA, pay a penalty for 10 years, and keep $40k free for remote investing? 

My like-minded roommate that I would be house hacking with also works as a property manager.

My roommate and I are very reasonable renters, we always pay our rent fully on time, we take very good care of the unit in terms of cleaning.

My roommate and I are very reasonable renters, we always pay our rent fully on time, we take very good care of the unit in terms of cleaning.

My wife and I are tired of renting in Chicago so we were thinking of doing another FHA loan and doing a house hack by getting a roommate, but at the same time, I worry about missed opportunity in Detroit. 

Hi all,I am new to BP and just starting to research how to start becoming a buy and hold investor under extremely limiting circumstances and was hoping the BP community could shed some light on the best financing strategy to use for my first few properties.Current Financial SituationA little background on my current situation: I am 28yrs old working in television in NY ( making roughly 55-60k a year- yes it is brutal) I just bought my first primary home 2 years ago in Williamsburg, BK to lock in how much I’m paying for housing year over year in a place where incomes don’t increase as fast as rental prices (2 bd for 340k (this is an HDFC which is how I got a home for this price in an area where the median price is 1.5 million) ) so obviously my DTI is extremely high at almost 60% with no other debts besides my primary home (I also have a roommate who pays me $900 a month for her room which helps with about half my total monthly housing costs) (had a great mortgage broker that really helped me wiggle in to my first home)I now have about 75-80k in equity in the home and access to a family trust with a similar amount of money in it and was looking for the best way to turn buying an initial first property all cash into the ability to buy more properties( out of state of course- looking at different areas in the country from PA to TX to TN to FL).

The loan would be more expensive, but with 4 roommates and myself "paying rent" I will be at 500+ cash flow after all expenses and cap ex savings.