Also, the term "house hacking" is generally used for your owner occupied home (renting out rooms in your primary home) and that income cannot be used to help you qualify (it is considered boarder income). 

Right now, it is incredibly tough to make even a few hundred a month with traditional strategies.

Typically, the tax is based on the assessed fair market value of the property at the time of the transfer, even if it’s not a traditional sale.

But you cannot exchange from an investment property into your primary residence. 

I'm looking to use it as an investment, not a primary residence.

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.

I currently own a 1 bed 1 bath single-family house as my primary residence.

Written by attorney investors, it's full of practical advice about the management of investment property, has sample forms that can be edited, and - most importantly - tells you what your primary state laws are and where you can read them.

We currently own the property free & clear.This is what we're looking for:Credit screening for Primary Guarantor partner only (81% ownership stake)Minimum 75% LTV on refinance, we've heard of 80% LTV on a DSCR purchase but haven't been able to find anyone to do that on a Refi0% Origination feeTitle in LLC nameSorry to hear about your prior experience!

This strategy can generate higher returns than traditional rentals, but it does come with increased management requirements and potentially more volatility.