If you only have a homeowners policy, and something happens like a fire or a guest gets injured, and the insurance company finds out you're renting out the house, you're in deep trouble. 

House hacking is a great start for being young and new to investing.

We have told my ex-wife that we are willing to let her stay in the house for a time but she needs to pay rent.

I found the house on Zillow and ended up going through an agent.

Quote from @Khon Kounbandith: The house was in good condition. 

House hacking is a fantastic way to start, but preparation is key.

Quote from @Kash Tacke: Hi,I have two single family houses in Detroit currently rented out. 

Still lots of work to do on the house and the “book” I still have to figure out what to do for it (paper/digital/both), and a few more things I probably am not yet aware of … reading on this forum and asking questions sure has helped out a lot.

Knowing the average bP buy and hold investor this type of information would be for advanced investors that deal in the back end of real estate not the front end like most who just want to buy a house for under market rehab refi rent or flip. 

I also work with atheletes to find housing since I am a retired athlete myself.