To offset costs, I’m planning to buy a duplex and pursue a house-hacking strategy:1.Rent out one unit as a long-term rental.2.Live in the other unit and rent out the bedrooms as short-term rentals (STRs) through a furnished rental approach.Before diving in, I have a couple of questions:1.Can I use a property for both short-term and long-term rentals?

Can the experts that know the New York City law please chime in. I

What kind of area is the 50K one in? I

Before i dive straight in, i am planning to do a trip to the US to feel out some of the cities and hopefully meet with some property managers to get their advice on areas.As i said above, i am very new but have been trying to soak up as much information daily as i can manage, and from what i have learnt, my plan would not be all that dissimilar to investing out of state.I was wondering if anyone has done something similar, and if so would be able to share any major unforseen hurdles that they weren't prepared for?

Is that what you invested in?I

Hi @Christina Chatzoglou house hacking is what I specialize in.  I

By the way, comparing 5,000 families forced to move or quit, to the whole of the population isn't what I'm interested in. I

If the market the house is in is conducive to STR, then it can be worth it, but in some circumstances and in some markets I think LTR still works better, but it is clear STR is taking a foothold as an option in the Investor mindset and we see that in the market and I think a pretty clear prediction is that STR will take a bigger and bigger share of the investment strategies of investors.

as in, i have $25K. 

Indiana in general is a good state to invest in. I