The goal is to reduce your living expenses, make some renovations to the property while you live there and learn how to be a landlord.

Fannie Mae made an enormous announcement this week that impacts anyone seeking to house hack – they reduced their downpayment requirements on 2-4 unit properties to 5%.

Otherwise, I would absolutely be managing myself to reduce management expenses. 

My stress level is greatly reduced now and I'm ok with having a few solid properties with a good amount of equity and putting money into public markets (index funds, stocks, MLPs and BDCs). 

Solid post and would agree with everything - but the last one - "Local or National Expert" - I do think there is still value here but I would say this is the one area that is being I'd argue reduced in importance via technology and ability to reach people digitally and remotely - but like you said, its really more important for people trying to scale - where if its your first or second, local probably makes a lot of sense

I went home and started reading about tax lien investment and found out that EVERY state puts up their liens and deeds for auctions FIRST, and investors must bid either to pay more for reduce the % of interest.   

The crazy thing was that we didn’t lose cash flow by doing this because the mortgage pay down reduced more expenses than we lost in income from selling the properties!

Reducing the cash required to move in by employing services that guarantee the security deposit for a monthly fee.

It can simplify managing your 20 units and reduce the need for multiple systems.

An ABNB I stayed in last winter was bought the previous year for $525k, that buyer then put it on the market for $525 less than a year after their purchase--today that asking price was reduced to $450!!!