@David ChanceYour concern about tax ramifications is impossible to address without knowing your numbers and your specific situation.

While I know I can start a business making around $7k a month, my immediate goal is to house hack, and my concern is about qualifying for an FHA loan.Any insights you have on this would be greatly appreciated!

Even with a well-maintained home, routine issues can pop up unexpectedly, and it might be challenging to coordinate repairs or address tenant concerns from a distance, especially if there's a significant time difference.While the 7% to 10% fee for a property manager can seem like an unnecessary expense, it can provide peace of mind, especially if you won't be readily available.

If you are concerned about cash flow right now, the longer your mortgage, the lower your mortgage payments will be. 

Thanks for reaching out if you have any questions or concerns reach out to me!

If its not being reported to the bureaus then the only thing you have to concern yourself with is (As Jay points out) any potential deficiency you may be on the hook for. the actual physical processing of a DIL is very similar to a foreclosure in that there is title work, recording of documents, etc.

Should I be concerned that the husband has no credit history (I'm wondering if this is indicative of past financial hardship/bankruptcy)? 

My concern is that my DTI may be negatively effected if I refi my primary 1st.

My main concern is seeing that a lot of clients are using cosigners and coborrowers to qualify for houses and are having trouble qualifying based on their own incomes.

It seems that those areas are full with new inventory. my concern is that is too close to the Mexican border and that there are many lands available for new construction.