If you go this route, consider hiring a trusted property manager local to the area who knows the market well.I have personally owned and managed a multifamily property in Illinois and after selling it I said I would never invest in that state again.

Vacancy and maintenance factors should be higher than for Class A as homes will be older, have more deferred maintenance and tenants will be harder on them.Class C can be relatively successful with a great PMC (do NOT hire the cheapest!)

This can be a very long and annoying process and you're not guaranteed to get approved.

I know from BP podcasts that mistakes are part of the process, but I want to avoid anything that could jeopardize my family’s financial stability.Despite these concerns, I’m ready to dive in!

I think I mentioned my Daughter worked at Intel they laid off 15k peeps and are in the process of selling off most of the business.

I want a good turn key property that can be set up with a management company and I would like to repeat this process at least two or three times this year. 

I have seen a number of cases locally where a party clearly did something illegal like this whether it be a landlord tenant or someone hiring a contractor.

If someone wants to be in that "it depends" grey area and try to introduce Bitcoin into a traditional mortgage application process (but don't bother trying if it's FHA), please have a Plan B and be careful with your contingencies. 

-Leverages your current momentum and enthusiasm for investing, potentially accelerating your path to financial freedom.Cons:-Requires managing two properties, which could add stress unless you already have a system in place (or plan to hire a property manager).

And you can do it with little cash, 5% down conventional is better than 3.5% FHA.House hacking also gives you a chance to cut your teeth in all major skills: analyzing deals, buying process, financing, working with contractors, advertising for rent, background checks, property management.