I am a complete rookie to the real estate scene, I am looking to house hack for my first residence out of college.

Maybe they don't need the money now but in 5 years they wan to send a grand child to college.

Direction Cracks that run diagonally or horizontallyCracks that run at a 45-degree angleOther signs Cracks that appear suddenlyMultiple cracks, especially if clustered togetherCracks that widen over timeDoors and windows that don't close properlySagging ceilings or leaning wallsSigns of water leakage  -------------------------------------Just annoying stuff...fun, huh?

Currently, we own one vacation rental in Duluth and one college rental. 

Another might be a residential tenant whose child comes home from college and discovers black mold in her bedroom closet.Ideally, Tenant Estoppel Letters will be sent to them after the inspection and financing contingencies have been cleared and within the last week before closing.

Two colleges. 

Looking at rentals for college students

that sits right on the parade routes, a block from the college campus, and block from a bunch of restaurants and bars. 

Get comfortable with a certain degree of uncertainty but still take action. 

You avoid the tax hit, and still get the use of 75% of the equity if you do a cash out refi - (but high interest rates sort of play against that to some degree presently… but you could alway refi again down the line if rates dropped.