Then if you want to slough the numbers with a justification of how house hacking reduces your monthly mortgage/rent, at least you're armed with the analysis for both scenarios, and can make a qualified decision.Roughly, $500k purchase with $4000 monthly gross rents doesn't hit the 1% rule of monthly gross rents being 1% of the purchase price.

My banker has offer me 2 options.30% down 5.5% 5yr arm max 1% every 5 years 25 yr mortgage in my LLC orFannie Mae 25% down 5.75% fixed 25 year (maybe 30) but in my name, not my LLC.

If your family wants they can sell it to you for any price point since it is not an arm's length transaction.

Higher risk, higher rates, balloons, calls, arms and reporting your financials to them every year.

Westmark just sold their PM arm to Location Rentals, who has really cornered that market here.

And maybe I could do some digital staging for listing photos? 

After 5-plus (if I recall correctly) years of 10%+ increases in price and single-digit days on market a drop to 5% price inflation and average 30 days on market would feel like a dip.

I've been soaking up information for several months now trying to arm myself with the tools I'll need in order to start finding great deals and making a steady flow of passive income.

You give them your hand, they take your arm.  

Occasionally there is a parent that pays rent for their kid and Venmo is quick and simple because it is all digital transfer so none can do it from anywhere.