As a Latina, I grew up with the misconception of owning a home being hard/impossible goal to reach and I want to break that myth with other families using all the resources available. 

But, don't ruin your entire career path based on misconception that you'll get ahead.

There has been a lot of misconception about hydro static sewer line testing but the biggest is that it "blows" your pipes, that is totally false and a misrepresentation. 

@Bidkar Salazar FHA loans are simply for an Owner Occupied 1-4 unit residential property…they are Not for first time homeowners which is a common misconception.  

I have heard this misconception from agents here, and it simply does not apply to Executed Contracts.  

@Chris MasonWith all due respect, this is a common misconception.

Here are the most common fears and misconceptions I hear when people talk about house hacking. 

If you have long-term rentals, the most common misconceptions are generally around properly calculating depreciation (proportioning the value for improvements vs. the land, which isn't depreciated, and also including applicable closing costs in the depreciation/amortization). 

Also, another misconception.

As a wholesaler, they are not an “owner of real estate” per se under the licensing statute, but they do own an interest in real estate by way of the purchase agreement which the wholesaler offers for sale or assignment.If we read the licensing rule in conjunction with the definition of “real estate broker” under Michigan’s occupational code, we find a very broad definition capturing any individual or entity that:…who with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses, lists or offers or attempts to list, or negotiates the purchase or sale or exchange or mortgage of real estate, or negotiates for the construction of a building on real estate; who leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; who engages in property management as a whole or partial vocation; who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or who, as owner or otherwise, engages in the sale of real estate as a principal vocation.One frequent and notable misconception is that if a person only conducts the sale of real estate on their own behalf, as most wholesalers do, they are exempt from licensing.