@Gene Hacker What area of California?

NJ works well for the strategy especially for house hackers becuase self managing can be very simple.

I put together a spreadsheet here to help potential house hackers quickly analyze whether or not a property qualifies.

I can tell you, I work with investors in Reno that are successful house hackers, but every situation is different.

2x house hacker in the North Shore area. 

Or a house hacker where there less chance of it all going south. 

I'm actually co-hosting a meetup in Laurel, MD on Dec 14 - last time we had about 30 people show up including realtors, wholesalers, lenders (conventional and hard money), title agents, flippers, house hackers, etc.

When I received the invoice, I was surprised to be billed "Minimum Service Charge $700" by an unidentifiable entity not even Google could find called LUGGHOME.

This is going to be even better than the previous 5% down program for a few reasons:You do not need to be a first time homebuyerYou can use this program up to 10 times per person (so a married couple can do 20 loans)No income restrictionsCan be used in any location with no restrictionsNo self-sufficiency testNo upfront mortgage insurance premiumRates are 1/8 percent higher than conventionalPMI is comparable to FHA and drops off after you have 30% equityLoan limits of $978k for a 2 flat, $1.1 million for a 3 flat and $1.4 million for a 4 flatSo basically this is a dream loan product for house hackers and by far the best option I have seen in the last 10 years.

I'm looking into buying a property with a sibling and renting out a portion of the house to help with the mortgage. We're approved and have been outbid several times on homes where we offered 15-20k over asking. 20K o...