@Brian Hunsaker - get the Nolo's "Every Landlord's Tax Deduction Guide" book and learn how to track and take advantage of every deduction available to you.Even if you self-manage and TurboTax, you should have enough deductions and depreciation to minimize your footprint.

House hacking is a fantastic strategy for individuals looking to start building wealth through real estate while minimizing their living expenses.

My strategy in the past had typically involved minimal equity investment in properties to maintain a positive or net zero cash flow (as long as I wasn't losing money each month), thereby allowing me to claim substantial depreciation losses with little initial cash outlay.

Screen tenants - Implement thorough tenant screening processes to minimize risk of vacancy and potential rental income loss.4.

The way to minimize that risk is to make repairs as quickly as possible (but only for properties containing a residential structure) to make redemption too expensive.

Minimize future tax liability: If there are no changes to the legislature around Opportunity Zones, investors may have a large tax bill due in 2027 for their deferred capital gains.

Screen tenants - Implement thorough tenant screening processes to minimize risk of vacancy and potential rental income loss.4.

If you can make good money as a STR and at least cover your expenses as a LTR, then it can be a fruitful investment while minimizing your risk. 

I have 20k saved and plan to use an FHA 203K loan and house hack to net zero/cash flow minimally on my first investment.

Other costs include $1,100 for taxes and insurance, $580 in HOA fees, and $200 for lawn care, totaling $1,880 per month.These rental properties are situated in desirable locations, and I have enjoyed consistent long-term tenancy with minimal turnover.