But if you decide one day that you want to reduce down to 2 roommates having a floor plan with a separate entrance or something with a separate living room that you can minimize common spaces you may be able to live with that arangement more comfortably for longer. 

Essentially, house hacking with me not being there.I know that house hacking is the recommended start but, I live comfortably on my parents' property in a nice location.

We furnished a 1,050 SF house (dining room table and 4 chairs, sofa, loveseat, armchair, 2 end tables, 2 bedroom sets minus mattresses, and a desk) for $5,800, which was $1,600 less than where we started.

The rent should be based on market conditions and the amount of money you need to collect for your business to remain viable and profitable at a level you are comfortable with.

Hey @Dan Fendius, I think definitely talk with a lender to figure out your monthly, but honestly, do what is going to feel most comfortable and helps you take action quicker.

Otherwise, it is higher husk than I would be comfortable with.   

To sweeten the deal, add non-monetary incentives like free carpet cleaning, a waived pet deposit for an extra pet (if comfortable), or a dedicated parking space.

Unless you're going for cash flow properties in low end areas and feel comfortable managing those types of properties, I would probably move along.

I look forward to hearing from you soon.My advice within reason is to separate out the primary from the investment property, ultimately any property you buy probably isn’t purely the absolute best property property you can buy from an investment standpoint but that’s ok, I’d figure out what budget you are comfortable with, figure out place you can be happy for at least 5 years and at the end hope it cash flows, I’m not saying buy some property that’s an absolutely terrible investment but there’s more to life than a few hundred in cash flow in 5 years lol.

The thing is, it’s rare to find a SFH in my target markets that fit my buy box because of either high prices or condition being a bit too distressed for what I’m comfortable taking on as a first purchase and having no experience in rehabbing a home.