Good morning, I'm in analysis paralysis on pulling the trigger on my first two-unit investment property.

The only big negative I can think of at this time is on the investing side where we want to grow simultaneously but will be losing almost 100% of W-2 income when we pull the trigger so lending options will be limited for at least 2 years.

Signed on the dotted line for a Brick 2 Flat w/ a 2/3rd finished basement in North Chicago @ $375-400k (FHA).Property has been family owned and looks well taken care of.- 2nd Story: 2/1 - Nicest finishes, only missing...

Awesome to hear that you’re thinking about pulling the trigger on a house hack - it’s easily the best financial decision you will ever make if done correctly.A lot of people on BP will tell you that renting by the room is not a sound investment; that you can’t effectively manage multiple strangers in a household; that you’ll relinquish your privacy/sanity/personal space/landlord status etc etc.As someone who lives with 5 roommates (including my wife + 2 dogs) I can tell you that it’s absolutely not the big bad monster that it’s made out to be.Because you have multiple streams of income in a single property, if a tenant flakes, you still have partial coverage of your mortgage payment - not the case in a traditional rental or “luxury” house-hack.

It's all about educating yourself first and ensuring you have a solid team on the same page before pulling the trigger on a deal.

I think you'd have a tough time getting the SBA to agree with you and you may trigger a complete audit by the SBA and possibly even the IRS after. 

Also, we have deals come across our desk that we don't pull the trigger on that depending on your criteria might be a fit.

With interest rates currently low right now I feel like now must be great time to pull the trigger.

Not surprisingly there were multiple offers, and the seller's agent came back to me the next day to see if I'd match the highest offer received to date of $1.225M (triggering my concern/question on this forum).

Although even with the lower rent it is not a bad investment, it does not hit our target metrics that would trigger an offer.