I have changed my rental strategy to short-term rentals and co-living (rent by room) to allow for more cash flow. 

The program is really beneficial, but the assistance comes in the form of a forgivable 2nd mortgage.

@Shannon Wright can assist ~ the property may have to go through probate...

I currently live in Southern Maine and am looking to construct some kind of new project rather getting into rehabbing existing residentialProposed Land Budget 100-200kConstruction Budget: 400kAll in 500-600k.I have found that if I do the site work myself including clearing, septic and digging the foundation is that i can sub contract out either steel or a Lester style building (50x150) for around 300k installed with insulation and power , divided into three 2500 square foot units. 

Keep in mind those people will live somewhere and SOME of them will be good tenants!

I live here and I’m a new investor currently targeting central Nova Scotia region.

I am interested in looking at out of state investment opportunities as the high cost of living in NJ really does make it very investor friendly at the moment. 

The other question I have is if anyone has tried this on repeat, like with standard house hacking (live in for a year and repeat). 

If they’re selling for a $400k+ gain they could look at a 1031 for:A super nice 2-4 unit they wouldn’t mind living in a unit of where the rental portion exceeds their 1031 sale. 

@Sushil Iyer we lived in Texas for about a dozen years and still have property there - one of which is a mid term rental in Temple.