If that's the case, what other options should aspiring house hackers look out for?

CheersGene Hacker

My new tenants included a spry 93-year-old woman, an ex-con with a huge pit bull, a hacker slacker, and a man with some kind of mental disability.

The cash flow will not be as good as a unit needing more renovation in more marginal areas- but starting your BRRR career as a house hacker would give you more of a taste of if you like the real estate development process.  

I put together a spreadsheet here to help potential house hackers quickly analyze whether or not a property qualifies.

I put together a spreadsheet here to help potential house hackers quickly analyze whether or not a property qualifies.

Remember this when the turnkey providers come after you.Also, I put together a spreadsheet here to help potential house hackers quickly analyze whether or not a three- or four-unit property qualifies under the FHA self-sufficiency test, which you mentioned in your post.

I'm looking to buy a 2-4 plex using FHA in Chicago to house hack soon and start a career investing in real estate. I like the buy-and-hold multi-unit strategy (for now); that means I'll be buying more units in the fut...

I put together a spreadsheet here to help potential house hackers quickly analyze whether or not a property qualifies.

@Gene Hacker , thanks for the vote.