(I know everyone doesn't have that opportunity.)Another factor is the type of deals you're looking for.

Seems doable, depending on a few factors will determine what the right product is for you.

@Stephen Fleming your cashflow probably won't be what you think it will be:(Have you factored in the new property taxes at homestead millage rates?

The systems you have in place to handle leads, follow-up and your sales processes are also huge factors.Another factor is what is your monthly marketing budget?

Budgeting for furniture and coordinating the time to execute or hire a designer is something we try and factor into our Pro Forma or analysis.

It's hard not to be emotional when house hacking becasue you're living there but think about other factors for you too, not just the cost.

And, factor in the depreciation and other tax benefits, deductions, home office, vehicle expenses, etc. 

Here's a link https://www.oregon.gov/ODA/shared/Documents/Publications/FoodSafety/ServiceAnimalsposter.pdf The BS factor is off the charts with some clients...Then it gets tricky because you are only allowed to ask certain questions as to whether the dog has been trained to perform a specific task etc.

There are many factors, as with any real estate market:(1) Location. 

@Stuart UdisAll great comments, seems like putting skin in the game will be a reassuring factor for any potential investors.