I think that would be a reasonable goal to aim for.

House hacking seems particularly useful for FHA-approved LOW DEPOSIT owner-occupied loans, because you can buy up to a four-plex, aimed to 100%+ cover your mortgage repayments!

I would write that out as a specific and measurable goal. 

Also remember, there is no reward from not obtaining risk, so don't be scared to take MEASURABLE risk.

Aim for living for free, even better when you make a little money while living there! 

Perhaps looking at the % of houses that are sold and then re-sold within the same year, at a higher price, to measure the level of flip activity? 

This FHA 90 day flip rule certainly causes confusion.I am getting conflicting info of which date to go by as far as the acquisition date to use for this time measurement.  

When you sell a rental property at some point in the future (at least a year out), this is not viewed as a flip transaction, but rather just a reallocation of the IRA from holding passive real estate to holding cash.Your example of buy, fix, rent for 3 months, then sell would likely be viewed as a flip, especially if you repeated this pattern with multiple properties.The IRS does not define a "flip" in clear terms, but has a full set of measures they would apply to real estate transactions to determine whether something is a passive investment or a trade or business activity similar to competing commercial enterprises.  

Thanks for being a sounding board.It's a two car garage, and I don't have measurements, but it should ballpark ~25'X30', maybe?

I would get all the relevant information, measure the risks and if it makes sense go for it.