House Hacking with a TwistRent out rooms: Even though you're living in the property, you can still generate income by renting out spare bedrooms.

There are no laws restricting mark-to-market rents. 

Can your first payment be in 90 days, so you have time to rent the property?

I understood that rent prices are decreasing.

When the rent rates stabilize, I suspect they'll bring it back.I wouldn't try it in a location like Portland, but 99% of the country would be fine with a policy like this as long as it is disclosed and applied equally.

and getting ready to rent it out.

Theres one I think its by Brandon Turner that is called rent to retirement. when I was starting out I read one that was called one property a year that resonated with me.

I haven't read up on house hacking yet, but I don't believe that living in the property for a year before renting it out will be an option for me.   

What location?

Hey all, first time landlord with ~3 months experience here.I brought a tenant in 3 months ago with an insurance company paying the rent (tenant's house is being repaired after a fire).