With house hacking, there is a simple rule in my opinion: The more uncomfortable you're willing to live, the better the numbers can work, the more comfortable you need to live, the less the numbers will work. 

I am not trying to be negative or a Karen, but being real so you can analyze all your options on what course of action you should take for your business and what risk level you are comfortable with.

My biggest tip is to save way more that you make and then buy a 2-4 unit building and use a 203k or homestyle renovation loan to do some rehab and add some instant equity.Also, Network as much as possible and get comfortable approach any one and asking lots of questions. 

You have to put yourself out there and get out of your comfort zone. 

The kindness and humor of the responses is comforting in a field where there is very little down time (currently as I get it established) and you all "get it".

The key question here is whether you’re comfortable with a relatively low initial cash-out and whether the property’s long-term cash flow makes up for that.Since your goal is portfolio-building, the BRRRR method could work, but the numbers have to make sense for you.

I'm not really comfortable giving her name after talking to the company owner today.

If I end up with a property, I wouldn't be comfortable with someone in Ohio managing it for me.

Interest is 18%.for a total of 30.5k in debt.current financial status:1k emergency fund.1k in reserves outside of that.6 month plan:I'm going to japan in march with my sister so i'm currently reserving my money to do cool things in japan as it was my personal incentive to get my *** into gear and get my life together.after that trip i'm planning to tackle my debt in order of highest interest rate to lowest interest rate.I believe i can comfortable put 2500 a month into my finances. so i expect to be able to be debt free roughly a year from march.After that: im planning on parking my money into the smp 500 to help it grow until i have enough money for a downpayment on a duplex to a quadplex and doing the houshacking strategy yall talk about.

My eyes used to glaze over when my hubby tried to explain it back then, but now he has my FULL attention on this topic.I definitely think it is a big risk BUT the potential rewards are so vast that I think it is crazy not to dip a toe in with whatever amount you are comfortable gambling with.We saw our light coin investment almost triple in about one week...nothing else I’ve been involved in gives those kinds of returns so quickly.