I’m not sure what is the best option here, if anyone could shed some wisdom that would be immensely appreciated. 

@Nate MarroquinYou're in a great position to house hack before your income increases, and you have multiple financing options to make it work.

It is a great site, but can be a bit daunting especially as you go down the rabbit holes of all the different options.

I am particularly interested in turnkey properties and single-family rentals, but I am also open to exploring other options, including duplexes and different investment strategies. 

Choose the Right LocationProximity to Campus: Prioritize properties within walking or biking distance to minimize transportation costs.Safety and Security: Research neighborhood crime rates and local security measures.Access to Amenities: Look for nearby grocery stores, healthcare facilities, and entertainment options.3.

@Paige Gardner it depends on the person. hml are my last resource, it's a option for sure. 75% too high for me. that's the game for them, that's how they make its money. don't take it off the table but definitely explore ur options. 

I know there are a lot of options, especially since they are family and willing to carry the loan. 

From my experience, cities like Greenville, Columbia, Augusta, Huntsville, Chattanooga, and Jacksonville offer strong house-hacking opportunities with growing job markets, solid rental demand, and affordable multi-family options.

With the duplex, you can do both rental options.  

I feel like these are my only options:- House Hack: Would I still need to pay the 6% tax rate if I'm getting rental property insurance?