House Hacking a primary residence is the best way to generate wealth so I always recommend that as the next move. 

Even if it does, there's closing costs to consider.As I said, I have no cash myself, so I'm asking how I can deal with generating cash for closing costs (and a down payment) if it comes to it.The house costs $139000.

It'll be up to the next generation to figure out if they want to build an empire or not. 

So my plan is to house hack for few months and then move out so that it can generate some cash flow..

I don't really need to know much else about someone - if they can't pass this test, why should I believe that they will be able to run a business that will generate cash?

You are controlling significant assets with little money and using the revenue they generate to pay for them. 

The money generated could pay for both loans, and even cash flow.Italian BuraccuracyI thought the United States is slow and has poor processes set, but here is absolutely worse.

There will also be many homeowners who have had the properties in the family through generations and own free and clear but now still need to obtain a construction loan to rebuild. 

Generating equity is often second to that.

But maybe your tenant reaching out and mentioning that they're going to be forced to file a police report for fraud could generate some traction...obviously the real objective here is to just get the seller to call you back...