I am 24 yrs old and have done 3 successful house hacks in Raleigh in the past 3 years and I am happy to connect and share my experience.

Yes, I have in the Laundromat business for the last 7 yrs and I built a laundromat from the ground up as well.

Hey Andrew, it is in a smaller mining town, where wages are relatively low but people enjoy living there , the triplex was purchased at $100k, all 3 units are around 800 sq ft, all with newer heating units, roof has about 5 yrs before replacement, I have put nothing into this property so far except a small rent bump, take home is around $10k annual I will have my initial investment out by the end of next year   

In 4 yrs. we've never had to evict anyone, although many have left on their own , and a few were asked to leave.

-It is 40 yrs old-Aluminum wiring-No central air/no heat-Evidence of water damage around most windows, and kitchen flooring-I don't remember there being a hot water heater-Last owners replaced some windows and did a shoddy job-No car port/no storage shed-The cabinets in the kitchen appear to be home made with plywood and white paint-Soft wallsBUT mostly.. it's a 2/1 and they just don't move like the 3 bedrooms.As far as why did I settle for only 4k?

Guaranteed for 40 yrs. 

One of the reasons we didn't purchase a double here in Cleveland was because they are historically very difficult to sell if you want to get out of the business.They were also way too expensive 4 yrs. ago and the idea of mediating tenant disputes with each other was more than we were ready for.

Bought my first home about 9 yrs ago 180K lived in it for 2 yrs rented it for a yr and sold it for 385K 2nd home bought for 185K lived in it for a yr have had it rented for 6yrs renter is paying for it 3rd house bought for 98K bank aprased for 120k renters pay the mortgage for past 11 months 4th home bought about 2 months ago paid 72k rents for 925 month positive cash flow of 200 a month after all expenses hope to only buy positive cash flow homes from here on out hope to buy 2 to 4 home a year for 5 years then pay them all off in the next 5 years will see it it happens

I bought my first 2 unit 2 yrs.

Hold out for at least 7 yrs.