NOMAD wants to rent my house with a Master Lease where they pay me the rent and then sublet to occupants who pay them.

Investment Info:Single-family residence buy & hold investment.

My biggest concern with house hacking is giving up my primary residence.

out of state is more difficult than advertised. do you already own a primary residence? 

Once the rehab was done I refinanced out of the private loan into a conventional loan as a primary residence.

FHA loans typically require the property to be a primary residence for at least one year, so he should confirm compliance with his lender.Once rented, he can deduct expenses like mortgage interest, property taxes, maintenance, and depreciation starting from the date it's available for rent.

It was a risk but thankfully paid off for me.

I've had qualified renters move into a rental, add their bum friends or family members, and then disappear, leaving me with bad renters who weren't approved and aren't on the lease.The best practice is to screen every adult, approve them, and add them to the lease. 

Investment Info:Single-family residence buy & hold investment.

Tenants are stable long term residents, and property is located in a desirable school district.