House Hacking is the accepted terminology only because it sounds cool."

Some of the reasons I'm considering on making the jump into this area is because they are steadily continuing to develop at a crazy rate, it has good highway access, the neighbors are cool and the location to the shopping center makes it ideal.

Pretty cool Drew. 

You may be able to put up a cool coffered ceiling or something to accent you cool old house.It does not look alike a drop ceiling to me.

@Wendy Schultz - If I could devote more time either to the management or fixing a place up, I'm sure I could make the numbers work, but I suppose that what I'm really looking for is a cool place to vacation, not a new project.

There are also some really cool neighborhoods in south LA that i found literally a few months too late.

Hi @Kevin Elguer, cool to hear you story.

My agent was cool and he was getting tired of her crap also .  

Local bank  financing at 1 point and 5.5 %this is a little street in a really cool area..

In my day when I did this we called those hypothecations.. and our bank would routinely loan 50% of our UPB.. and the hypothecation was done through the collateral assignment to the bank.and then when we moved into HML we have nice size credit lines for this we made a new origination and the bank took the collateral assignment as to 56% of ARV or appraisal.. that's how most of us HML did it pre 08.it was great we borrowed from the bank at 6 or so and lent out at 15 to 20 and made the delta..you get big enough lines and its pretty cool business.