Furnishing it, years passing by commercial buildings built behind the townhouse.

Cashflow may not be immediate but if you run your #s, you'll be able to see how long it'll take to cashflow and what kind of equity you can expect to build within your first few years of house-hacking.I began househacking in 2010 while working an NYC job (Health + Hospitals Corp., formerly HHC) earning a base salary and overtime pay that are nearly identical to what you posted here.

Here are my thoughts/questions:-When you say "builder" please give some more background...is this someone who builds a handful of spec homes a year in the area?

The office space added represents a saving of $2500 a month I was going to pay in a lease for an offsite building for my expanding team and staff.

Over time, repeating this approach can help you build a versatile portfolio.Good luck!

How to execute a 1031 exchange build to suitHow to operate and self manage a co-living propertyDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The building of an asset that is down nationally is a risk.  

LTR is stable, slow, and risk is low but potentially not as much cash (right away).Comes down to what goals you have and your risk threshhold - I have friends in CO springs who do STR and MTR, and works out great - but also have folks who LTR in that area and it pays for them self and it a great way to save money in places like taxes and build equity.  

OR it may be the spark needed to build out your next RE revenue strategy.  

My mentors (both successful investors) swear by building strong relationships often saying  "It's all about who you know,".