Carlos, I am from Spokane and I house hacked the first 4 years I lived here.  

Strategies like living in a duplex or triplex, adding an ADU, or renting by the room can help maximize cash flow while leveraging FHA or VA loans for lower upfront costs.

It makes sense for house mates, spouses etc. to be Additional Insured on a renter's Insurance policy if they also live there and keep their stuff there (although I think anyone on the lease is typically covered anyway).

I buy and hold and do short term rentals and mid term rentals.Located in Racine Wisconsin  Hello Gabriel: I also live in Racine County there are some great deals our way and including southern milwaukee county too!   

I need to find a place to live and I don't know what to do. 

Or if your'e living in it would you feel comfortable in that area. 

Do you want to live there?

I’m trying to familiarize myself with the area more thoroughly.it seems to have a stable increase in prices.Since I plan to live in the property initially, breaking even in the first year is my main goal. (5% down; PMI removed with renovation)However, I’m also wondering if it’s feasible to have some cash flow from such rentals, or if the risk of vacancy is high in this market.Any guidance or pointers from those experienced in this area would be greatly appreciated!

Is a beautiful area here and I used to live in Cali I wish I knew about this place here when I was there gay why i thought of promoting there too.

Buy and Hold investing is a great avenue to begin with as most people live their lives off of residual income.