Currently, I own Luxury Autowerks, an auto shop in Denver, and I personally self-manage the ski-in/ski-out short-term rental in Keystone, CO while also helping to diversify and expand my families real estate portfolio.My long-term goal is to own apartment buildings (100+ Doors), and I’m taking my first steps into acquiring our first small multifamily property.

There's long-term money to be made on that strategy.

The benefit of this is that you are not paying Hard Money rates so in long term there is a lot of savings going this route.

Have you leveraged lines of credit, private lenders, portfolio loans, or other creative financing options? 

Financing and Exit Strategies MatterMany house hackers use FHA or low-down-payment conventional loans.

All of which nothing will help him because the loan is still in his name. 

Love that you’re thinking long-term and thinking about leveraging house hacking to speed things up—a great strategy for building wealth and replacing W-2 income.I would imagine that cash flow is tighter in Salt Lake City, but don’t let the 1% rule discourage you—it’s more of a guideline than a hard rule.

When I got my first loan for real estate I realized it would’ve taken me a full year to make this money before I could invest.

Private lenders generally have fewer restrictions, a faster process, and can structure loans based on the property’s value rather than just personal income. 

Or you can go a DSCR route (sometimes with no seasoning) but the terms suck.