You also need a leasing agent, unless you are going to advertise and screen tenants yourself.

•Use business credit or 0% interest credit cards strategically—just be careful with repayment timelines.Next StepsThe biggest thing you can do right now is surround yourself with experienced investors, agents, and lenders who have done what you’re trying to do.

Use an agent to help you get qualified tenants and documentation in order.

I’d love to connect and am very interested in hearing about your agent recommendation.

Its a Niche that you can find agents that can do the hard part for you. 

@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.

The sellers you are dealing with in these situations don't deal with prorating Taxes, or any other kind of prorations, that is what an escrow agent does. 

Sounds like your agent wasn't experienced enough in the area.

@Timothy Frazier Yes, the only reason to use HML as a down payment is if the property is "mostly turnkey" AND you don't have the funds to renovate AND you have strong CMA comps from a real estate agent that supports that the fact that you are buying a property that is under valued AND your renovations would push that so that you could refinance.

I likely purchased this property too quickly as it was the 4th property we toured and we didn't negotiate on asking price as the house was previously under contract and my agent advised against lowering.