House hack is the only option but even that might not be feasible.

My plan is to start house hacking.

My wife and I purchased a home at the very beginning of 2022 and "house-hacked."

I’d lean Stessa assuming you’re not house hacking. 

Consider starting small with house hacking a duplex or triplex, and use tools like the BiggerPockets Rental Property Calculator to analyze deals.Good luck!

I haven't dug into the actual agreement, but was curious because I'm not in a position to house hack, but see many people on here recommend the strategy.

I'd level up with a BRRRR, live-in flip, or house-hack before jumping into a challenging renovation.

Are you talking about house hacking yourself, and using it as a co-living property?

To the OP, if you can house hack in your local area, that would reduce the risk of investing in a far away market. 

@Heather Bailey When house hacking with a separate rental unit, ensure proper insurance by obtaining landlord or short-term rental coverage tailored for Airbnb activities, in addition to your primary residence policy.