I’d look at it another way figure out where you want to live and than figure out if house hacking is a way to afford that area and if you have a long term plan to afford that place with at most one roommate, you will find it hard to break even much less make money house hacking anywhere in the region so may as well buy in a place you want to be long term, if your not ready to commit at least medium term, rent.

To be a successful land lording is a big commitment and you got to give it your best shot.

You need to review the mortgage and title commitment for what parcels and legal description are included in the mortgage you took out.

So just have your 'spidey senses' about you and really think long and hard before you to commit to anything that is super expensive where the return could be marginal.From a tax perspective, you are bound by the rules of the IRS.  

It's important to choose that one and commit to using it.

I'm Brian from Loves Park, Illinois, passionate about real estate investing for a few years (its waxed and waned) because of family and work commitments.

If you are trying to buy a bank owned property you just send them the contract they want you to sign and proof of funds, or if you have financing, the commitment from the financier, who may also have to provide their own verifiable proof of funds. 

However, we're committed to helping our clients and contacts as best we can which is why I'm seeking your recommendations here.If you have any recommendations or if you are an HOA manager with experience in this area, please get in touch.

@Yanting Wang many investors are buying, "build to rent" properties.They are all being told that in buying a new construction property, they shouldn't have maintenance issues for 5-10 years, which will increase their cashflow/profit.Well, tenants have a way of breaking things, not taking care of problems and letting them become maintenance issues, and this is on top of the fact that most new construction properties require several warranty repairs by the builder in the first 12 months.As others have pointed out, you must live in the property for the first 12 months for an FHA mortgage or take your chances with committing mortgage fraud.

Just commit and take action.