Also, the term "house hacking" is generally used for your owner occupied home (renting out rooms in your primary home) and that income cannot be used to help you qualify (it is considered boarder income). 

Jason, I appreciate the detailed note!

@Brandon Stelling As a military veteran with 100% VA disability benefits, you can leverage VA home loans to purchase properties with no down payment, no PMI, and favorable terms, including multi-family properties for house hacking. 

Once you do this conversion you can't change it back to a traditional long-term rental. 

Are you asking in terms of lending?

Can you give us some numbers/details on the properties?

If you don't want to put a single dollar down then you can just structure a 100% financing with the sellerHey Ko, it’s nice see you again.I’ve spoken with the seller and they want a 10% down.I think I’m going to wholesale this deal if I can get good terms, but every once in a while I come across a good deal that I would like to purchase as a buy and hold.what type of loans would you recommend for traditional buy and hold? 

Purchase price: $320,000 Currently have a long term renter, the rent pays the mortgage and other expenses but provides no cash flow.

Quote from @Nicholas McCormick: Howdy-Does anyone have any experience with short term rentals in the Bloomington, Indiana area?

However, if you intend to work with a hard money lender or utilize a short-term loan product, you're on the clock for repayment, which can be stressful if things go sideways.