If you live in Cleveland (a cash-flowing market), I wouldn't look OOS at another pretty similar market.

Quote from @Ryan Moyer: Quote from @Nick Velez: Hey Anthony,I have a few STR's in Gainesville and have lived here for about 7 years now and know several people with STR's as well.

A 1/1 with a 4/2 on top is perfect for the hacker to live in the 1/1 and cash flow on the higher rents.2.

If it pays for itself, it provides you with a "free" place to live during the off-season.

I'd highly recommend house hacking in your local market since you're in one of the highest cost of living areas in the US, especially if you're renting currently and planning on staying in the area for 5-10 years.It sounds sexy to go out and invest out of state for your first property.

Use tools like the VA loan for house hacking and your Basic Allowance for Housing (BAH) to cover living costs while building equity.

.: I live near Nice France half the year.

If you're going to live in it for a bit and fix it up you can adjust accordingly.

I live in California, this is a bay area property.were not looking to move out of state and house hacking is less palatable when a duplex costs 1.6 million.

I currently live in WA state and invest out of state for buy and holds.