If you walked into a bank, your pre-approval would likely never qualify for a house hack duplex.Did they count 75% of the expected rent towards your DTI? 

It's an acreage property near the lake that has a main house (2/1), guest house (3/2), and small studio-layout unit (3 units on same property).

Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

house hack is possible. base way to get feet wet

I am specifically looking in Essex county, MA because I want to house back close enough to my current W-2 job.

If you want to sell this property, you need to let someone inspect it at least once and the discount for due diligence needs to be worth it. 

It's an STR, hotel and house hack all in one 😊

I have some in-house laborers for any large projects but sometimes value add can even be raising rents to market or finding an off market gem. 

LTR and MID term are hot now as well, we have more people that want houses than houses to rent to them.