If you need a place to serve see if the state laws allow you to pay cash.

My two cents summarize is that you can make some nice cash, especially for the northeast, but at the same time the units will be management intensive and given the landlord / tenant laws of MA, one troublesome tenant could wipe out many month's / year(s) of profit.

What are some things to keep in mind, how does one do a background check, what are the laws regarding that (I'm in St Louis), any advice, thoughts recommendations etc is greatly appreciated.Thank you@Rania MutumheHi Rania,Usually house hacking is where you have a multi-family property (like a duplex or triplex) and each tenant has their own unit.  

@Wes Blackwell  one must be aware of the anti equity stripping laws probably good to caveat that preforeclsoure advice.. there in Oregon you must be a licensed pre foreclosure person to even engage with helping folks in foreclosure..

We don’t have enough babies to replace them or white collar immigration., b.  

However, there are laws limiting the kinds of deed restrictions you can make like this.

Thorough due diligence, professional communication, and familiarity with local laws are essential for smooth management and positive tenant relationships.Good luck!

Consult with your tax advisor on the requirements so you are compliant with tax laws.

Quote from @Robin Evans: Check your state laws.

You will need to learn about the local laws, advertise, background check applicants, meet them for showings, answer questions, get a good lease, answer the phone at any time, arrange for repairs, do inspections, manage finances, manage an LLC, and more.