There is usually not much that compares with what we offer, so we only compete apples to oranges, so incentives are not a good tool for us.The types of tenants we want (multi year) also respond better to an adjustment in rent than an incentive.

@Matthew Samson, The conversion into a rental and then 1031 can actually be used with the primary residence exemption as long as you watch your dates.Your parents move out for a year and convert the property to investment. 

And you can definitely pay off your home faster if you focus on running all of your expenses through it and watch your expenses. 

The watch out is if you lose your job or quit you will need to pay the money back in 30-60 days so I always make sure I have cash reserves to cover this if needed. 

I feel like I keep watching videos but don’t take actionStop watching the videos.

It is my understanding that the LLC and DSCR loan being in the LLC still protect us if we were to get into any type of litigation with renters but wanted to open it up and see if there are any watch outs I am not aware of?

Watch the investor webinar replay.   

After watching some of the podcasts and reading posts I am set on starting my real estate journey utilizing the house hacking strategy.

@Kasey Hardt very interesting,  didn't realize this was a pattern but even I've got friends that are getting recruited to the area for medical device startups etc, so could be a very interesting trend to watch.

Sprinkle in some Sam Wegert "coliving" strategy or Coach Carson Student Living and you can crush it while staying small and mighty while putting 15 or 20% down.Coach Carson on student living: https://www.coachcarson.com/studentrentals/Sam Wegert on CoLiving: (starts at around 45 minutes): youtube.com/watch?