My house hacking plan is to get a distressed MFH using a FHA 203k loan with about 3.5-5% down, and fix up the property to increase my equity.

We plan to remove the carpet next year and install LVF to increase property's value and potentially bump the rent. 

Knocking out improvements over the holidays, and selling beginning of the year when interest rates drop and home prices increase due to demand.

Rents tend to rise over time, amortization steadily increases equity, incomes rise, so the investor has a lot of “cover” for unfortunate timing or operating “mistakes”.Number 2 - periods like 1932 - 1941 and 2008 - 2013 are much harder on this strategy.  

We can possibly increase leverage to 85/100 starting with your second deal. 90/100 comes after 3-5 exits.

Watch a few youtube videos on increasing your credit score quickly.

These will take some cash to get up and running.Maybe look for properties that are a little higher cap rate AND might have some room for rent increases or ADUs or some other way to boost income.

Whether it’s exploring new investment strategies or diving deeper into commercial appraisals, I’m excited to engage in meaningful discussions.In my spare time, I enjoy renovating properties and spending time with my family.Looking forward to being part of this amazing community and growing alongside everyone here!

I rent two of those by the room to increase my profits. 

Do not refinance a primary residence for this because you will be increasing your payments, but not getting anything for it unless the investment you purchase is giving you such a great return that it doesn't make sense not to do it.I have used HELOCs on both my primary and investment properties (when I could get them) as short-term debt.