I could not recommend this more highly.

I to would highly recommend to anyone in your situation to house hack in a good growing market.  

Be sure to fully disclose your role in the transaction, and consulting a local real estate attorney is highly recommended to avoid any compliance issues.

Great area with high appreciation and rental value How did you find this deal and how did you negotiate it?

Yes if you have any deals you're looking at to get a second opinion and hone your skills of deal analysis I highly recommend submitting a deal for Dave to maybe review.

Maxmimum loan amounts for FHA are the same across the nation for the most part except for the high cost areas of the west, east coast, or specialty markets like Aspen, CO Los angeles, New York, NY, and others as they have higher limits for 1-4 unit FHA loans.

If inflation and yields stay high, we might see more buyers sidelined, which could cool demand and stabilize prices.

This area is an amazing place to live, and for that reason highly competitive in terms of real estate investing.

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

You can also have a high-yield savings account elsewhere, but a local bank relationship will really help you as you begin to grow.