If you can live for free and only pay utilities AND buy an investment property, that would be ideal in terms of savings and cash flow.If you can't stay and your parents want to make some money on that property, then yes, house hacking would be your best option especially since you don't want the best place in the multi.

What’s your experience been like with traditional lenders vs. private options like ours?

Killeen will have the most options for you.

@Mary LopezYou could use a DSCR commercial lender which will allow you to close in an LLC with 30yr fixed options and better rates than normal local commercial lenders.

Just looking for other options to get started with the combo package.  

If that's not an option than you'll have to close and serve notice yourself and abide by your local laws.

It'll restrict that cash flow, but unlock a nice option for the family.

Your lender will have the exact details.If the current leases don't align with your timeline for moving in, another option is to explore a DSCR (Debt Service Coverage Ratio) loan or a traditional investment loan.

Meaning, automatically turn on power when a tenant leaves...Or, is this to difficult with multiple power options.

These properties can often be acquired through creative financing methods like:Seller Financing: Negotiate flexible terms with motivated sellers who want to avoid traditional bank processes.Lease Options/Subject-To Financing: Take over a seller’s mortgage without assuming full responsibility, especially for properties needing renovation.Creative Terms: Adjust terms to fit market conditions, like offering lower down payments or longer payoff periods.Staying connected with investors and tailoring deals to current conditions can help you secure opportunities even in challenging markets.