House hacking is an excellent strategy, and just got a lot easier as conventional loans now allow 2-4 units with only a 5% down payment.

Before you ask, No, they will not make any back payments.

Hi everyone,Im trying to figure/find out how strict the rules are when it comes to getting an FHA loan (I want the minimum down payment) and renting it right away.

A question I have is, if i rent out the main unit that has 4BD-2B, is it better to get a long term renter with steady rent payments from them or rent out for airbnb?

Typically, you'll have something like a 10 year draw period with interest-only payments, and then the balance is amortized over 20 years.

Quote from @Casi Rice: Marketing idea: find 1-2 trusted property management partners.

How quickly are you able to save for a down payment?

Mortgage payment is $1671/mo. 

Spend the time now reading and learning so you will be ready when you have the down payment for your house hack.

My monthly mortgage payment will be approximately $2,100.Comps in the neighborhood are currently renting for around $2,600/month, so my plan is to live in the property for 1–2 years before renting it out.