I am new to real estate investing, and is considering house hacking a property for my first deal.

I've also seen a lot of BRRRR opportunities and house hacking opportunities in the Shoals area.

How much will you spend in repairs on a 1920's house with renters ? 

The town is encouraging home ownership, so buying a condo/single, living in it for a year plus and then renting out works fine here (what I did), whilst house hacking a multi is more complex.

Keep in mind if you are house-hacking, you will only be able to write off a percentage of the bills.

If you hire someone typically they are the ones providing this information, but if someone is paying you, then yes they need this information for tax purposes.BTW - I would say your SS# has been hacked so many times and is on the black market already this is why we monitor ours through other parties or just lock it down at experian and other agencies if you are concerned about it.

The front end can sometimes be tedious to get approved by the local housing authority, but rent payments are always timely.

Take your time and don't let FOMO distract you from your long term goals. 20 years from now, it won't matter whether you bought a house this year or next.

I'll be sure to keep all your advice in mind as I look for my first house hack! 

AB 968 will make it more difficult for first-time investors to "flip" our quickly "house hack" homes since anything resold within 18 months.