However, if you are part of the other 98%, you are either compromising on how you live, or spending more than you are saving.My experience has been that salaries just don't vary by as much as cost of living does throughout the US.  

What responsibility do you have if tenants, say, shop online and somehow your network is compromised?

If you never compromise your screening process the job becomes a whole lot easier.

I believe that's why Brandon recommends trying to find markets where 2%/m gross rent return is possible, but it's also why the responders above are suggesting that just $450/m rent will mean that even one big ticket item like roof replacement can wipe out ALL your profit-to-date.Every market will have it's "sweet spot" of compromise between rent return vs likely expenses, vs appreciation / value adding potential.

You're new, so you gotta make compromises.

The IRS has seen abuses of this tax provision that compromise the policy Congress intended to promote.

We are willing to compromise and try to find solutions for tenants but those solutions don't include accepting financial responsibility for the choices they make in their lives.

I would get a termite company to do an inspection now: this way you can fumigate or change out framing that is compromised while you are down to the studs. 

With house hacking a SFR, you usually have to compromise on things like privacy, especially if you go the rent by room method and share common spaces like living/dining and kitchen areas.

There are several factors I am now considering when looking at a property in Rhode Island and a compromise will have to be made somewhere in order for this plan to work.