Real estate has long been the foundation of lasting wealth, proven by historical and modern moguls alike.

As long as you do with the same lender they can cross collateralize. 3.  

I currently manage a long term rental and working on a single family home fixer (will probably convert to rental in the future) in Cali.

You can qualify for lower down payment loans, and after a year you can move out, keep the same loan terms and convert the unit you vacated into a rental.thank you!

Price fair, don't get greedy, play the long game.

It may work in the long term but can be a painful process.i wish the OP the best and i believe he can benefit by recognizing the value in the various responses but seems unwilling.  

Finally from a purely from a cash outlay prospective short term, you could rent a house with roommates and your payment would still probably be Lower than house hacking because rates are so high, over the long period 5-10 years obviously it would cheaper ti buy, hope that makes sense 

Deciding whether to sell or keep renting really depends on your long-term goals.

I would like to find a way to generate additional income and am exploring options other than having a long-term roommate.

Once you do this conversion you can't change it back to a traditional long-term rental.