Welcome to the community and be ready for a huge amount of information at your finger tips.

I'd use an approved underlayment.Pro Tip: If it's cheap, it's not good.....at least spend in the moderate range.

Hello @Peter Mckernan, These tips are very helpful and will definitely use them on future listings.

Sometimes the best deals are the ones you don't do.General Tips:  If you have the ability to manage a small 4 plex when you start, it can be an invaluable education. 

Quote from @Paul Lucenti: @Shawn Ackerman thanks Shawn - I'll add that into my numbers thanks for the tip.

I intend to rent out the units by room to college students (does it sound like this would work in this area and what are some general tips/things I should look out for?).

Welcome to the community and be ready for a huge amount of information at your finger tips.

I would love to have some clarity and steering in the right direction as to the best source for FHA loan information and caveats, as well as any tips for a 22-year-old single investor planning on house hacking for my first real estate investment.

Just a tip - make sure you don't just look at the current property taxes. 

Podcasts are always sharing the latest tips, tricks & strategies for our niche.