Hi all,I am new to the real estate world and my primary purpose in posting this is to introduce myself to fellow investors and agents in the area.

I have excellent credit, $100k in savings, the lot value to use as collateral and about $500k equity in my primary residence. 

Tax savings as the primary motive for investing rarely ends well.

@Sarah Bratcher Great explanation. 

To all aspiring house hackers and those aiming for a single-family primary to hold it as a long-term rental, what are your biggest frustrations likely keeping you from jumping in the game? 

Currently, I own a single-family home that serves as my primary residence.

The reason for this is that existing loan guidelines are set up to favor people buying their primary home.

Renting where you live and owning elsewhere may not be traditional, but it makes more intuitive sense to cash flow 10k a year off of a 500k investment oppose to racking up a 3k/month liability off of a 500k investment (primary home). 2.

I talked to two different local credit unions about pulling 300K in locked equity out of our former primary home that we converted to a short term rental last year.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.