I don’t really have an interest in House hacking if long-term rates are $700 a month incl utilities for a bedroom. 

I am not sure about the other markets but I would suggest looking up a Realtor from here and utilizing their knowledge to help you. 

I got into RE investing utilizing the same strategy as you're exploring.

Hello Biggerpockets Community, This is my first post as I am trying to utilize BiggerPockets more. 

The canceling tenant remains responsible for rent, utilities, and other charges until a replacement takes over.

I personally believe single family produces the best rents and appreciation.

Hard to produce cash flow or break even with that much debt, at that rate.House-hackers, however enjoy certain one time (non-scalable) advantages that should be taken advantage of in the early days: - They can assume pre-existing debt like VA and FHA Loans (rather than take it on Subject-To which is dramatically riskier).- They can rent by the room and self-manage to produce day 1 cash flow.- Many of these HCOL areas also have strict limitations on AirBnB or short-term rentals... that do not apply to owner-occupants - thus allowing for extreme cashflow potential for house-hackers.

I did make sure they got the utilities switched over in to their name which took a few days.All in all, it was maybe 7-10 days left in august by the time they got all the utilities switched etc.

This includes all charges paid, utility accounts set up, renter's insurance established, lease signed, etc.

High ceiling looks great but increases your utility bill.