Also loss history can play a significant role. 

If you told him you have been playing pickup games for the past year and need help improving your jump shot, now he has evidence you're motivated and a specific goal he can quickly help you work towards.

House hacks are not like a traditional investment property and admittedly a little more emotion will play into whether it's going to work or not for you.

The real play here might just be to take a step back and evaluate if this deal is going to actually set you up, or ruin you financially. 

Not sure if you plan on pursuing a higher education, but that can be a factor that comes into play as well.

Along with risks of natural disasters some areas of the country are also more litigious or even have more uncertain jury pools and that can also play into insurance pricing.

I own/operate over 150 units in Pittsburgh and you can find every sort of real estate investment play here.

It's interesting how everything will play out, I actually don't expect significant rate cuts until next year but who knows.

There are dozens of metro area which all have different dynamics at play.

hold some of that initial 100,000$ for reserves. if you spend it all and something goes wrong you wont have time to accumulate profit the first year to really afford to fix anything. then you'd be dependent on personal income or another loan to fix the issue if one arose. play it slow and safe at first while you figure out the game and take some initial hard knocks that are bound to come.