=) We've been listening to a number of BP podcasts, YouTube videos, and have been expanding our library of BP books.

In your case of a fourplex, option 2 should get you a better deal.I would also agree with Bill on how the number of units may not correlate with the value of the property unless it is a large multifamily complex, and sometimes a fourplex or several single family houses would give you better returns. 100% We always recommend conventional first until you can no longer qualify for those. 

Out-of-state investors love it out here because of the low barrier to entry, high rental demand (your house is not going to sit vacant), and lots of growth potential in areas that are going through revitalization, among other things.

Also, I am assuming since you house hacked that you only did 5% down, which then increases your mortgage payments compared to 25% down buyers.

If you walked into a bank, your pre-approval would likely never qualify for a house hack duplex.Did they count 75% of the expected rent towards your DTI? 

If you are flipping houses, which is transaction-intensive, then choose a custodian that charges by the value of your account.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise egregiously violating the law.

Starting with house hacking is a smart move, especially in a higher-cost area.

Are you planning to house hack, or are you exploring other strategies?

It's an acreage property near the lake that has a main house (2/1), guest house (3/2), and small studio-layout unit (3 units on same property).