Moreover, there may be more house hack opportunities to explore and consider than just your classic duplex/quadplex example. 

@Andre BrockRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Hi BiggerPockets Community,I'm a first-time real estate investor and currently exploring different markets to make my first multi-family property purchase.

If you want to buy a property for your kid, you should think about empowering her and involving her in the process as more than just a tenant.

One route is to explore refinancing these properties into your name with a cash-out refinance, which would allow you to access some of the equity while officially transferring the deeds.

@Vishal ChandanRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

It's a 3 BD which is tight when my two kids or extended family come.  

If you’re ever exploring options to grow or improve your properties, a DSCR loan might be a helpful tool.

You could explore options such as refinancing to release equity while keeping a manageable rate, especially if you need capital for the future multi-residential development.

You will be unavailable to her (and kids if you have them) physically and mentally most of the time, being immersed in the rehab of your property.