The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

@Krystal Lozano,Building a portfolio to a 6 figure is definitely a long game. 

I took too long to make some decisions regarding design and it slowed me down.

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

Typically you can only have one FHA loan under your name at any given time, but there isn't a limit on Conv so long as you qualify.

There are wholesalers in every major city in the country and they are buying at 70% to 90% of value all day long, every day of the week.

They are some incentive programs to rent it long term if that is your goal. 

With that said, the income can still offset the cost of holding the property as a long-term investment.

I take a picture of their driver's license.I ask for phone numbers that accept texts and any alternate land or business phone numbers.I ask for the names and birth dates of anyone under 18, and ask if there are any service / emotional support animals, together with their names and breeds.I also ask for personal references, previous landlord contact info (and length of time there), employer contact info (and how long there, together with earnings), as well as the name and contact information for their manager / boss.

Finally from a purely from a cash outlay prospective short term, you could rent a house with roommates and your payment would still probably be Lower than house hacking because rates are so high, over the long period 5-10 years obviously it would cheaper ti buy, hope that makes sense