Hey Troy, I would make sure to have a CMA and possibly order an independent appraisal once the rehab is complete.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

This requires an independent appraisal valuing the property at $400k and proper documentation from the seller confirming the $200k donation.Ensure the church is a qualified 501(c)(3) entity, and consult your tax professional to comply with IRS rules.

The reality is most financially independent people went through a decade + of working 60-80 hours a week.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

I started my career as a commercial banker a long time ago, but have been an independent mortgage broker for nearly a decade.

To answer your title directly, house hacking is entirely worth it and if you're willing to be a landlord it's 100% the best springboard to financial independence.

Quote from @Jeff Nash: Take a look at Independent Financial.  

Did not do independent appraisal and independent inspection.

You can learn to do this independently or get a rockstar REALTOR to lead the way.