Your margin for error on a house that is valued under $100k is so tight.

If the house hack is renting rooms within your house; tax wise likely worse because you can only depreciate the fully rental areas (bedrooms and maybe bathrooms).

If multifamily interests you, you might want to consider house hacking as a low risk strategy to start.

Is it a room in your house? 

ONly money spent securing the house against waste.

We recently sold a Bilevel house, where the entry is between floors and you have to go up or down upon entry. 

The baseball season lasts 6-7 months, and I am given free housing during this time, wherever I am currently assigned to play.

I was thinking about buying the land (maybe it is 20-30k for the .25 acre lot), finding a builder in the area, and seeing if I could build a ~1,250 sq ft 3/2 single family house and see if I could make the math work. 

You see a house on google street view, bid like there is a house there, and you bid your $50,000 minimum bid up to $100,000 for your $200,000 house. 

@Shay Yao, I noticed you posted on the forums a little over a year ago expressing interest in house hacking.