Consider house hacking when rates and prices are a little more balanced with reality.I would prefer a duplex/triplex but I know getting into a single family home and renting out the rooms is more accessible .

I now live in Indianapolis and work exclusively with OOS investors, particularly those investors looking to acquire cash flowing small multi-family and/or short term rentals.

It's a 4 family, I just don't want that kind of transactional relationship with any tenants.

It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.

The owner representative (not an agent, just family) seems to not be a fan of this option because he does not understand it.Option 2: If option 1 does not work, or they are unwilling, the offer I see as valid for this property to make sense is about $290K plus taking over the solar loan.

My son wants to move to Sacramento, his friends family lives there. 

The 4-plex may be viable if zoning allows it but building another single family is probably not the move.

The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...

Investment Info:Single-family residence buy & hold investment.

At 23, your unfair advantage is time that is not constrained by collecting commitments of a family.