In theory, it's a good idea to house hack in general, but I don't understand what you are counting as rent.

FHA 3.5% down could get you about $500k worth of house at 3.5% down.Also keep in mind that rents from the units can count toward qualification.Up to 4 family allowed on FHA or VA as owner occupied

On the other hand, this lender is also very picky, for example they require 100% liquidity of the borrower, meaning someone would need $3m liquid to get this $3m refi (& you don't get to count loan proceeds towards that liquidity).

So without the MLS/Compensation being offered, really all we are doing differently then is taking our off MLS procedures and applying them to on MLS deals now.With the decrease is licensee count, we have seen average commissions generally rising.

Or, more likely, it just won't be renewed when you were counting on it.Could you still handle capex if your HELOC vanished?  

I would get very close to breakeven, but you are still living for practically free (not counting repairs, maintenance, and management) while paying down the mortgage on a monthly basis.I have never purchased a new property to house hack, but I would run the numbers like any other investment property.

Keep in mind that rents count toward qualifying income.

Similar condition, square footage, bed/bath count, etc. 

Update - Kris Thomas has now really crossed lines here.

Count me in.