Lastly, as a house hacker, don't expect your home to cash flow abundantly.

Or find a house hacker and move in with them.

First time house hacker here.

If the house hacker is planning on turning the multifamily into a rental down the road, cash flowing will be difficult putting zero down. 

These include tax savings, depreciation savings, loan pay down (increasing equity), cash flow, appreciation, and one of the most important for house hackers is the amount you will save yearly by paying reduced or no rent.

I would connect with an agent who specializes in working with house hackers first.

(In my market house hackers are paying a portion toward the mortgage, but it is less than what their rent is).4.

This is something to consider when opting for this 3-5% down payment assistance help (i'd say pros and cons...).The CHENOA comes in 3 flavors, first and foremost there is forgivable 2nd mortgage that is silent meaning there is no payment, but you have to be at 80% AMI or area median income (to buy in LA county this is really hard to do but in Enid, OK it can be done since houses are like 100-120k for a SFR). the 2nd variant of CHENOA DPA is that there is a payment each month for the 2nd loan and income restrictions however the loan is not forgiveable after 3 years you have to pay it payoff eventually, and then the third variant of CHENOA has no income limits which is nice because in LA county you need this to afford most of the prices in the area and its repayable monthly and is not forgiveable after 3 years.Most investor mind house hackers who want a good income component will opt for that 3rd variant because it allows you to be a first time buyer, have higher income, and still get that down payment help and still buy.

I have helped 100's of REinvestors invest in the STL market including quite a few house hackers.

Hello all,My name is a Spencer and I have been an investor, house hacker, airbnb host, landlord, flipper and things in between for about 4 years now.