I kept my first house as a rental after I moved out and bought a new residence. 

The idea is to purchase a single-family residence where they would help cover the mortgage, or at least reduce my monthly payments.I’d love to hear from anyone who has experience with house hacking!

@Priti AgLong-term residents often dislike short-term rentals (STRs).

Some other areas may attract influx of residents from other states who find triplex on very small lots attractive. where do I find that data?

Since I am out of state, the plan is for us to buy it together and he will make it his primary residence to get the lower down payment.

You can directly contribute to improving the area, helping residents access safer and better-quality living conditions.Hopefully, this gives you another avenue for real estate investment in a growing market like Charlotte.

Definitely looking to start smaller, in the 2-4 unit range, but seeing what you put in your buy box helps me think about narrowing mine.Plan is for funds to primarily come from saving from my W-2 work and possibly utilizing equity from my primary residence, though that is something I would need to really plan out.  

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

However, once i hit my goal and preparing to break ground on new construction, having a plan seems to help me better than shooting from the hip.

Send a letter giving them your/pm's contact and a detailed explanation on how to pay the rent (Helpful with older residents if you are going from check to online billing.