I'm a 2x house hacker here in LA (a case study in the BP book The House Hacking Strategy) and an out of state investor.

Quote from @Kegan Scholl: Quote from @Jake Andronico: @Kegan SchollAwesome strategy!!

This strategy aligns well with the buy-and-hold model.Leverage Local Expertise: Partner with professionals like real estate agents familiar with rental markets and property managers who understand tenant needs.

Buying in your backyard eliminates so much for you.What strategy do want to follow?   

Love the strategy of doing the work that so few others are willing to do.

Looking for any input or advice on how this strategy actually works.

Nightly rates: Yes, but the benchmarks should also be lower.Year 2 turnaround: What strategies could we implement to project a higher ROI in our second year?

I am planning to self manage as well and since there aren't many managers in my area I will likely employ a similar strategy once I decide to outsource the management.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

@Tyler Speelman Your strategy to assist your sibling with a down payment while minimizing tax liability is creative but comes with complexities.