The 203k is a perfect vehicle to help you start your investment portfolio- some great benefits include: - ability to use future rent as a qualifier in your debt to income ratios- ability to finance up to 6 mortgage payments if your home is deemed uninhabitable These are two really good provisions that can help investors (House hackers) to get started! 

@Jeremy Margaritondo, this is very interesting, as an ex-house hacker. 

I am thinking once it hits the bad guys account they have within 30 seconds moved it off shore.this all started when title companies would not take personal checks.. because lenders and such could not get there docs there until last second.. so no time to clear a check.So then the title co  required cashiers checks.. well that went along for a while until the bad guys figured out how to forge cashiers checks.. it was really bad in Florida for instance.So then it went to wires were we are today.. and now with everyone relying on E mail. and the ability of hackers.. once the bad guys realized how much money flowed and how many to most of the folks doing this were newer it was like katy bar the door.our process since we wire every day.. is two fold request from closer and at this point we might be on deal 30 with the closer and have their coordinates.. any e mail that changes their wire.. the big one is Hey we just moved banks here is our new wire info.. that is HUGE red flag and we go into telephonic mode.. most of the closers I use I have used for many years so I know there voices.. 

Who are the experienced house-hackers out there? 

I’m excited to be in the real estate industry and look forward to doing all that I can to help make this process work a little better and move that change along.I'm launching a few programs in the months ahead focusing on helping house hackers and first-time investors, foreign investors, and folks looking to get more involved in the Milwaukee market.If any of the above sounds interesting to you, please reach out anytime.

Id like to research it a bit more as it seems like a great tool for house hackers looking for 2-3 units in certain areas of Chicago. 

We are extremely conservative so we are targeting bread and butter three bed two bath 1,400- 2,000 sq ft houses or multi family that can be flipped to a house hacker or first time home owner.How We are using several methods to unearth deals.Scouring the MLS - searching based on criteria and then sale price compared toWebsites and digital advertising (Facebook and AdWords)Direct mail - Acquired lists from List Source (not happy with them) and have been sending postcards to older owners that own SF that meet our criteria.

House Hackers Who are you using for Primary Home owners insurance?

You can find a good agent who will get you farther and faster than you could, and allow you to focus on what you will need to know as a successful investor/hacker. 

Because of this limitation, the properties with ADUs in my area of investment are being comped at a discount compared to duplexes which seems reasonable because a duplex can be purchased by a house hacker or an off site RE investor but the ADU can only be purchased by a house hacker/home owner.Check this for your area.