I'm Kody.

I will add one item...10-50ish unit properties can be hard to manage. 

Rates for non traditional financing is typically higher by 2-3% on average than traditional financing due to multiple risk factors; If we take Nationwide Average 30 Year Fixed as a benchmark (example 5.5%) then non traditional rates would be in 7%-8.5% range depending on MANY factors like (we call these rate adjustments):✅ Your credit profile: The better your credit score the better terms you would get, typically 760+ will get you the best pricing options ✅ LTV % - how much you are looking to put down & how much to borrow; higher down payment -> less risk -> better rate✅ Purpose - Purchase/refinance/cash-out; rates on cash out are typically higher✅ Type of Property (single, multi, condo, condotel, coop, mobile home, manufactured etc) anything other than single family represents higher risk -> rate gest adjusted for higher (every investor would have their own add on)✅ Location of the property - some programs might not be available in specific states; rates can vary per state as well✅ Fixed vs Adjustable vs Interest Only ✅ Prepayment penalty period - the shorter the period the higher the rate✅ Vesting in the name of LLC or personal name✅ Citizenship status ( US versus Non US such as ITIN/Foreign)✅ DSCR: Debt Service Coverage Ratio means that future rents cover mortgage payment; If Ratio (Future rent/mortgage payment) is >1 - you are covered, you are good, but what if rents do not cover DSCR <1?

Whatever they say, I mentally add one more person.....Now if they say,. me, my 2 kids and my boyfriend....I say that's cool....When they say, my 3 kids and my mother.....I start getting a little nervous because that's 5 verified people....and it's pretty certain either her, or hr mother...or BOTH will be having male company over pretty regularly so that 6 or 7 people living where there is only 1 bathroom....I would pass on that by the way.

I'm worried about turning on the pool heater because I'll have to add on a huge surcharge to cover the cost.

If you choose to provide for your renters add-ons like bikes, surfboards, skateboards, snorkel gear, basketball in your backyard, pickleball courts, paddleboards, scooters, a pool, hot-tub or literally anything that can be seen as an added liability. 

Ever since I started learning about real estate, house hacking seemed like a perfect starting point as it has a lower down payment without having to add on the extra complications of partnerships or hard/private money. 

It is a time suck and I am unsure we can handle rebuilding the 2 units and taking on a purchase with ADU add on concurrently.

Rental income is one of the items that is included in world wide income.The good thing about rentals is that it does need to be included in your net income but it may not necessarily add on to your tax burden.Consult with a tax professional if you have any questions.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.