for example, buy a 2-unit, rent out 1 unit, and then rent all the bedrooms in the other unit to friends and sleep in the basement or on a couch.let's recapnot easy: house hacking in NYCeasy: buying sub 30K houses that will turn into money pits and won't advance your goals at all

By 2030, we want to have grown a portfolio of over 100 units, created a property management company that manages an additional 100-200 units, and, finally (and most importantly), we will have established a non-profit that is focused on quality, affordable housing that specializes in providing housing and resources at/on the "services cliff" alongside financial counseling and first-time home buyer education in our target area.Our target area is the Springfield, MA and Hartford, CT areas with dreams to expand to Central Massachusetts (Worcester, MA), Southern New Hampshire (Nashua, NH), and Southern Connecticut (New Haven, CT).Would love to meet up with likeminded individuals in our area!

Begin by targeting distressed properties in gentrifying neighborhoods, securing financing through hard money lenders or private investors, and focusing on cost-effective renovations.

If there's anyone else from my neck of the woods, I'm wide open to learning how to navigate this niche.

@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It will be an identical home to the one I’m currently building, and I expect to need no more than $160K in financing.I’m not looking to overextend myself by taking on too much debt, but I want to make sure I’m approaching this in the right way. 

We will also stick by you throughout your real estate investing journey, even after closing.

And you can be a landlord that gets a very poor return because they haven't utilized their space well by changing the layout.

This sounds risky, are you being compensated by additional rent and have you checked with your insurance to ensure you are covered. 

I was told by the previous owner that you're moving out by February 1st, can you confirm that?"