House hacking offers lower entry costs, building equity, and allowing you to cover a significant portion of your mortgage.

Mortgage stays in seller's name but is paid by the buyer through a promissory note (aka contract)Mortgage Balance: $102,000 Interest Rate: 4% PITI: $531/monthSELLER FINANCE PORTION: Seller Finance: $300/month to seller for 53 months (4.4 years) = $16,000 Total House Payment: $831/month (PITI + Seller Finance)NOTE about CLOSING and seller: Seller would like to remain in the house until November 12th, 2024.

But to get into contract I need a EMD (which at the size of the new purchase is not small). 

It is both more economical and in my opinion a far better use of resources to hire an attorney for the CYA portion as they are they actual experts when it comes to the legal pitfalls and trouble you can get in when conducting a deal.

No evictions are a BIG one, finances and credit are NOT, especially if HUD pays 100% of their rent and there's no tenant portion.

I intend to start small, $3-5M deal size and work up.This would be an example of smaller deals for syndication.  

lawyers title lol trust me its not the size of the company that was the issue. 

Lots of great experienced PMLs there - both passive ones that do it as a side hustle and small to medium sized PML business owners like me who started out with my own capital and grow over the past decade to have nearly 100 investors.

I was looking at these areas as well as they were cheaper than buying in Rockville and also appeared to have some decent homes.If getting the ADU would be tough in general and renting by the unit in those areas would also be challenging I may need to rethink my strategy.I am doing this as a first time MD homebuyer and looking at my options to rent a portion of the home.

Loan Balance $295,000Loan Maturity Date 11/1/2051Property Specifications:SFHBedrooms 4Bathrooms 3Square Feet 2316Year Built 2021Garage Size 2Schools Rating (scale 3-30, 30 is best) 18Lot size (sq ft) 7,631.0Purchase price: $330,000Market Value: $350,000Estimated Financial AssumptionsMonthlyYearlyRent (upper)*$2,350$28,200Rent (lower)*$2,250$27,000Property Taxes$425$5,100Insurance$200$2,400Repairs$65$780Property Management Monthly (%)0.00%Property Management Monthly ($)$75$900Leasing Fee$95.80$1,150HOA$146$1,752Vacancy Rate4.00%Total Fixed Expenses$1,096$13,150Total Expenses (Fixed + Mortgage)$2,620$31,437