You don’t get involved personally.

@Josh WillisHouse hacking involves buying a small multi-family property and renting out units to cover mortgages.

My name is Chris, looking to start getting involved in making some passive income.

Risk Management: Be aware of the risks involved, such as unexpected renovation costs, property management challenges, or changes in the housing market.

I'm struggling to find a good example that doesn't involve shared laundry.  

The government does not want you to have any day-to-day involvement in the investment.  

I would not shy away him from seeing the hard parts of RE.Main point....get him involved at a high rate.

Although my spare time to complete such projects follows seasonal work highs and lows, it would be smart for any type deal I consider to involve adding value myself to the property.With at least 100k (possibly up to 140k) of equity in our home, I have done a fair amount of research in HELOCs and refi.

You will be within close proximity to the University and approximately 5 minutes driving distance from the main city area, which also includes the hospital (could be good maybe for a medium term rental if close enough for travel nurses). 

Only one of these methods involves "saving" money, and most BP users don't pay enough attention to it.