Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

David, do you know any Hard money lenders that would allow a person to wrap their loan without doing a balloon? 

I personally would sell the house - it's negatively cash flowing ~100/month, if you were to add in repairs/maintenance, CapEx, vacancy, rising insurance/property tax costs I would think you're actually losing more than you estimate (luckily it's new so you are on the very low end of that right now).

House hacking is a great way to get started.

But it sounds like you should also balance your decision on what fits you and your families preference and style since you will be using it personally. 2.

My plan is to sell my primary home in New York and purchase a house to live in South Carolina.

I personally do not have experience managing rentals.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $785,000

Cash invested: $156,000

Short term vacation rental in Panama City Beach. New construction, fully decked ou...

Taxes are reasonable (in most areas), and there is a significant lack of quality affordable housing.  

Personally, my primary residence has appreciated around 6% in market value and I live in Levittown.