I usually target/ball park around 45% of gross income. 

@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.

From updated tenant rights laws to shifting zoning regulations, staying compliant can feel like a moving target.

Just be sure to research your target markets carefully to maximize returns.

Once you move to Chicago, look for similar groups—Chicago has a vibrant real estate community.Building a Team: Since you’re new, connecting with a knowledgeable real estate agent, lender, and property manager in your target area is critical.

If cash flow is tight, consider exploring slightly better rent-to-price ratios within your target areas.

From a personal standpoint I target 70% LTV for any investment I have that way gives me ability to sell it if I need too

How do you determine a reasonable target return?

If you used me as your target audience of finding a deal, I would tell you chances are zero.

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?