However, if you are profiting over 6 figures, the property might be too expensive to live in order to truly house hack.

Could someone break it down step by step for me and explain why yes or why no and if yes how would someone like me with little money get it done and profit from it.10 unit multifamily investmentI look forward to learning from someone that has done it.

As more people placed more properties in STR inventory, and as more municipalities taxed and regulated the industry, the profitability of the overall industry has reverted to a much more aligned (lower) risk adjusted return.  

Too many are locking up properties at retail prices and tacking on outrageous assignment fees, leaving no room for investors to profit.

When starting out it’s a pretty good deal for someone lend you all the money and you give them 50% of the profits.

It is not low cost.. you need 7-8 rooms per house to make it decently profitable. 

We all don't care how much Apple profits on our iPhone... what really matters is the product or value we get or in this terms the ROI on our principal.The fees can be broken down in the three main fees (so you might have to combine some of the above fees under one of the categories below):Acquisition fee (paid % of the asset price) - normally 1-3%Asset management (paid % of the income the asset produces) - normally 1-3%Distribution or exit fee (paid % of the sold asset price) - normally 1-3%Development fees (this is present in development deals) - exampleNOTE: Just because these fees are high or the split structure has too much going to the GP does not disqualify it.

Take your flip profits in CA, and buy with those profits for CF in the Midwest. 

I've found other investment strategies to be far more profitable and far less demanding to operate. 

Profit per door is relevant.