The local property will give you practical management experience.You might do better buying a REIT if you are planning to buy single properties far from home.

Tenants save money when using a shared meter, so there's plenty of room for error when calculating how to distribute the charges.

Im only thinking about doing this because I think he wants at least 400k.Does that sound like a smart plan?

After saving 15% for vacancies/maintenance and all other expenses, this property cash flows $23 p/mo and a 0.48% CoC ROI.  

Some folks might decide the savings associated with the below market rent is worth not drinking Quote from @Jaheen Ahsan: Hello,So I bought my first house hack back in July, and I've been trying to find roommates for about 6 months or so and haven't quite had any luck.

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

What's your plan for getting started?

Good call, getting multiple bids is definitely the plan.

Although this sounds like a great plan, when they mention training their just like other lead sources. 

This can save months of headache in MA trying to evict