That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.

I would, If in this position, take the equity in the form of a HELOC and purchase a cash flowing asset that would not only pay for itself but pay for the cost of the money while putting cash into my bank account each month. 

It's a more affordable market and lower property taxes, so you may actually have a chance to cash flow.

What you spent on the land/lots can go towards your down payment and, if you've owned the land for more than 6 months, you can use the value of the property toward the cash injection requirement.

When you are at market value does the property cash flow well?

Thank you in advance

. - Property type (single-family homes, duplexes, or small multifamily)- Min/max square footage or number of bedrooms and bathrooms- Desired cash flow or ROI metrics to ensure profitability- Property Condition (turnkey, light cosmetic fixes, or heavy rehab)- Neighborhood type (A/B-class areas for appreciation vs.

@Johnny Lynum we did offer them an aggressive cash for keys amount to get them out as soon as possible.

I'm living off of cash reserves and burning through it - there is a well dry date looming on the horizon.

Quote from @Aishan Gonaduwage: I am seeing good deals in Detroit that could cash flow in the current market.