Hi community,I just closed on my first investment property and it is a house hacking project.

Third, I was reading Small and Mighty (thanks Nathan Gesner) and found myself doing a "Wait a minute..." when he lays out that for B-ish SFHs he wants at least 6-7% rental income (after expenses), 3% appreciation, relative to the house price.

Create a "fireplace house rules" addendum and have tenant sign it.

I've definitely seen parents purchase properties close to campus to house their kids while they're at school, it's a solid move.

Why are you looking to buy such a big house to rent, the numbers usually won't work unless you go nuts on the design.

I know there are things I need to do to analyze if the deal is a good one, like rental rates, Status of the house/infrastructure, amenities in the area but what else should I be thinking of? 

I just rented out our house, a little over a month ago.

I had a tenant that wanted to renew a lease, but only for 6 months - which would have left us in the middle of January (in Michigan :) Apparently they may inherit a somewhat run down house, and wanted to keep their options open.

The market in Las cruces had rebounded a bits i decided i would not renew my lease with the tenants and would put the house on the market.

That can be a good way to fill in months at a time but you have to be careful.My neighbor rents her split house as MTRs.