I charge a really high fee and require the tenant to carry bite insurance.Inspections are done on a schedule and always recorded with pictures and/or video.

I understand not buying more up there, but your initial investment there will turn out well.You can check out the BiggerPockets video podcast and leave a comment if you have questions. 

The real estate game is all about relationships and strategies, and this is one of the most important topics to get right early on!

This could be an opportunity to get into the game in the area.If you ever want to connect, grab a drink, and talk real estate, hit me up.

Be aware you will start getting requests from law enforcement and neighbors to view videos.

Hi @Tim Holt I think in general house hacking is usually a good move because it gets you off the sidelines and into the game with the most favorable financing possible (30 year fixed).There's a lot of value in getting started today vs waiting some undefined number of years until conditions are better, which could be a long time from now, because real estate is a business and the sooner you start actually learning about that business, the better.With all that said, I always recommend that people analyze any potential house hack as a pure investment that they aren't going to live in, because someday they may want to move out and you should know up front (before you commit) whether you're going to be able to do that, or whether you're overpaying and will be stuck in the property unable to move out because it'll be cash flow negative if you do.So you had it exactly right when you wrote, "the property would need to cash flow when I move out and rent out all units."

Thus, putting the money into something is the name of the game, when my Hard Money Note matures.

I've been watching Chad Carson's videos and his approach of accumulating more properties than you need, then start using that income to pay off mortgages and cull the lower performing properties makes sense to me. 

So I require skin in the game (average is 5% to 15%) to offset this.

Right now I house hack, but am looking to properly get in the game by end of next year, so I'm trying to be prepared.