I choose that market due to affordability, potential cashflow and cash on cash return. 

That is a health code violation.

Property taxes are important, sure, but they shouldn't be the make-or-break factor that kills a potentially great deal.

. - Four years of appreciation -100k HELOC for investing.TakeawaysThis house hack worked because I chose a desirable home in a good area with strong appreciation potential.

@Lolo Druffif you're really thinking about buying there then I would recommend going there in person, potentially multiple times, and building a network. 

I would find an equity partner instead and you could potentially do a deal with no money down as long as you are providing most of the sweat equity and you can demonstrate you have the necessary "experience".

Its a fine line here on BP a ton of the audience/members are in the business and the BP members are their target potential clients.

Potentially turning into section 8 if there is tenant turnover.

A 1031 exchange could help you diversify into higher cash-flowing properties or a market with stronger appreciation potential.

This could be a great way to get started as you'll be at the property everyday and by living in the property not only will you be there firsthand to oversee the work being done, but you may also find new potential issues while living there.If you're looking to do this, I'd recommend a 203k loan to purchase the property and get some rehab funds. you'll just need to live in the property for a year before being able to lease it out to a tenant.