I currently live in Toronto, so I don’t believe house hacking would be possible, but I am aware of that strategy  

Well Marcus since its U and me on this thread. ( and I cant believe more BP members are not interested in learning about these types of investments)  but anyway here goes.The property was originally optioned from the land owner who bought it in the 50s for next to nothing in today's dollars..The company that had that option that started in about 2002 also optioned it for 5 mil or so with annual option payments ( they were a large SFR builder as in larger Regional builder). come 08 and well that builder was one of many in the PDX market that had way to much inventory and the banks called most of their loans and he lost MILLIONS and pocketed much fo the last draws and actually decamped to Cabo and bought a resort at Cerritos beach that is still there today.

I work with a friend that moved from Las Vegas to Brookings Oregon...I'd say from Florence north to Warrenton and Astoria are all prime regions.

We're both eager to diversify into real estate investments.Although our home base is in New Hampshire, we're open to  investing wherever we can maximize our returns.Primarily interested in multi-family investment properties to leverage our first-time homebuyer loans effectively.Initially, our focus was on purchasing properties in the New England Region (mainly NH & MA).

Seek out regions that are seeing increases in infrastructure, employment, and population expansion as these factors can eventually raise property values.Pitfalls to Avoid:Overleveraging: Take care not to put too much debt on your shoulders or overextend your finances.

@Ben OmoniraIf done carefully, house hacking in the Houston region may be a rewarding financial decision.

Reduced down payments are possible for multifamily buildings using financing options such as FHA loans, which are less expensive than traditional loans.Find local programs that can help with a down payment, look up programs in your region, get in touch with lenders or mortgage brokers in your area, and fulfill the eligibility requirements by attending homebuyer education workshops.

I'm in a smaller regional city and I have great occupancy every month except for January. 

Here are some additional methods to help you find off-market deals:Networking: Make connections with other investors, real estate professionals, and possible sellers by going to regional real estate meetings, networking events, and industry conferences.Direct Mail Campaigns: To connect with homeowners in certain neighborhoods or with particular property attributes, create a tailored direct mail campaign.Driving for Dollars: Identify foreclosed or distressed properties by physically driving or strolling around neighborhoods.

@Erica Calella, a 6-month wait is very common in that region.