I'm analyzing properties in my expensive market which has a dire need for affordable housing.

I get a lot of requests for people who want to hold a wedding at our houses.

So, they could potentially buy another house later on.

Purchase price: $160,000 Cash invested: $40,000 Sale price: $268,000 I bought my first house in Kalispell Montana as a long term investment and possibly a rental.

Thanks everyone.Annual T4 income: 250K380K in liquid investments.Principle property est. valued at 670K with 250k left owing and 155K heloc attached.Rental 1: purchased 2021 for 220K current est. value at 270K was a house hack with 5% down and $1600 monthly rental income.Rental 2: purchased 2022 for 280K 20% down current est. value 345K rental is $2000 monthly Rental 3: purchased 2023 for 267K with 20% current est value 310K rents for 2100 a month.

I say this as a four time house hacker.

I would be happy to connect you with him if you wanted to inquire further.I think 10% is as low as you will find for investment property, unless you purchase an SFR with an ADU or mother-in-law and house hack with a primary home loan.I hope that helps!

I made tons of mistakes on my second house hack and I still came out ahead.

As Vince said it is a quick guideline and won't work in most places with current interest rates and house prices. 

Take a house that sold at a low price twice in the past.