using this form of financing is a great way to acquire/fix a property but if you are looking to hold long term you would want to find long term financing. 

- If you are putting an offer in on a property to get that property under contract, part of the contract is that you put up earnest money.

Found a property which is Sheriff sale, really promising.

Quote from @Lawrence Mitchell: Yes I am@Lawrence Mitchell What type of property are you looking to house hack in, SF or 2-4 MF?

What other methods should I use to acquire another property? 

Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?

So, I'd look to the other properties and ask whether the ones on the street also had only street parking versus access to a driveway.

Personally, I invest in properties in C-Class neighborhoods in my market (East Linden and Southern Hilltop), and they’ve been cash-flowing well so far.

I am located in Western AustraliaI have been exploring small multi-family properties and flipping houses.

What area are you in, have you locked up any properties yet?