Love the idea of house-hacking and the ability to use FHA loan.

Bought this single family home with the purpose of house hacking.

I am selling our primary and 2 rentals we have in Michigan, looking to rent for a year as we find the right house hack.

The next property that I get will be a house hack that I will live in.

I had the exact same issue on my split level house hack.

So I would definitely lean toward BRRRR between the two options although BRRRR is difficult in this market.For the large majority of those starting out, I recommend house hacking although I don't know if that would work for you in your situation.

I am lost on which avenue to take from the options of house hacking, buy and hold (short-term rental), buy and hold (mid-term rental), buy and hold (long-term rental), BRRRR, flipping, etc.

We could offer $210,000 to make it a 1% deal, but I understand that the seller paid for the rehab, would have to pay capital gains tax, and closing costs.Based on the info provided (potential rent roll, the fact that it would be a house hack, and the appreciation potential), what do you think a reasonable offer price is to get them to sell a property they recently bought and put money into? 

I learned that in order for my investing business to be successful I needed three important ingredients: (1) Money (2) Quality contractors (3) Off market properties.That led me to concentrated on finding deals that the numbers worked within, even with rates at 12%+ and up to 4 points for short-term money, and in areas where quality contractors wanted to do work.

Purchase price: $257,150 Cash invested: $12,000 House hacking Duplex purchased using Conventional 5% down loan.