It binds the landlord, but honestly has little binding effect on a tenant when they simply choose to leave.

Lastly, have you tried running the #s to look at long-term appreciation on a unit like this vs. a Single-family or Multi-family property?

On top of that, the prices of single family and multi-family homes could be very expensive as well. 

Even better if it needs some updating, and better yet if that's enough to get yourself a small multi in your market. 

I own a duplex and am selling it. It's in a unique situation where both units are vacant. Is this a good time to sell? Or do other investors see this as a red flag and would prefer to have current leases?
Should I s...

•Do you have a safety net to weather potential slowdowns or unforeseen issues if you choose to BRRRR?

Hi James,We are looking for our first house hack as well. 2 months ago, I would have been excited to get into any good multi-family with conventional financing, but in the last couple weeks, I have been learning a lot about creative financing options such as seller financing and subject to.

Many people also rent out mid term or short term to increase their cash flow and rent by the room or unit if you buy a multi unit property.

Hey Nicholas,As Jason said, I think the 5% down Fannie Mae multi-family loan will be your best option for financing.

Remember, this is still a sales type of business so be very careful on who you choose to work with.