I literally think of loan sharks or getting your house or assets taken away from you when I hear it LOL.What does points mean?

Which is why I think house hacking is best for 90% plus of new buy and hold investors.I wrote an article on this a while back that goes into more depth and you might find that helpful: https://www.biggerpockets.com/blog/get-a-loan

@Phillip Austin someone who obviously should not rent but buy themselves a brand new house. what was their previous place?  

I went from growing up in a hut in Vietnam and spending my early years in Section 8 housing in the U.S. to now owning four cash-flowing properties (8 units) across three states.

I'm interested in investing in multi unit properties and potentially get into house hacking.

Purchase price: $499,990 5 bed 3 bath split level house in Hyattsville, 1875 sq ft

After the new home is built, I plan to sell our primary house.

Lastly, all of the housing maintenance and responsibility for utilities will be the responsibility of the tenant buyer so you will dramatically reduce your expenses. just a thought.

Quote from @Simone Montague-Jackson: You can house hack with up to four units.

She stated "this is your property, so you need to fix the issue within 2 days or were shutting down the house."