Oil prices remain a huge X factor, and housing prices (at least with respect to rents) are being held back by the most supply EVER being built and coming online here in 2024.

We currently have 23 single-family homes in the KC metro (120 bedrooms) utilizing this model and while its never boring - I really enjoy it and it's definitely a favorite way to invest in real estate to date.Have a few tips and tricks we've learned - send me a message if you have any questions.

There are no utilities in place, no septic tank and no well. 

Like you said in your post, "Buying and holding is a long term strategy...............focus on the end goal"The second reason for trying to get good deals is that if you can get a 10-20% built in equity off the bat, it has the advantage of:- taking a big part of the risk factor off the table- built in equity that can be utilized as required- better cash flowThere are a lot of people on BPs that say that "money is made on the front end in RE".

The tenant used an online maintenance request system to request a handful of maintenance issues for the first 6 to 8 months.

I'm perusing through some online listings for multifamily in my area.

The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊

Plus for its high cash flow potential, utilizing a 1031 exchange to reinvest gains effectively made this experiment a relatively low risk for me.

If I remember right they ended up having a hearing at the board of supervisors and I watched it online. 

Hi @Joy McQueary - you can find a breakdown of rental rate increases by state online, and here's where to find a list of the hottest multi-family markets.