The first purchase is always a huge learning experience so it's smart to buy something you can't lose your shirt on.

Anyone with money has to be smart right?

As property values appreciate and rental income increases over time, you'll continue to build equity and wealth.Overall, renovating and renting out a basement as part of a house hacking strategy can be a smart way to leverage your home to build wealth and achieve financial freedom.

in the slightly less desirable area, 12-1500 sqft (goal $14-1700/mo)1BR below it with living and dining, porch, and great stained glass and architectural features, 1000 sqft (goal $11-1300/mo)This building also has one driveway space thinking $50/mo2 x 2BRs, smaller but in the more desirable location ~1000 sq ft (goal $14-1600/mo)1 BR small in the more desirable location ~ 800 sq ft (goal $9-1100/mo)TR: 6200-7300/moOrder of operations would be as follows: 1) Accounting and structuring - still a lot TBD but I am meeting with a CPA firm with a lot of real estate structuring and consulting experience, I expect they'll be pretty expensive but this doesn't seem like a good place to cheap out.

Although you could probably pay a smart high schooler $100 if everything’s labeled.

It's a smart way to reduce or even eliminate your own living expenses while gaining investment experience.

The original ownership was very smart in that it has a campground component and there are over 300 houses in 318 acres.

@Nick DiFinzio, that was really smart.

Stupid loses more than smart wins.

House hacking is a smart way to start, and aiming for cash flow properties is a solid next step.