House Hacking is a phrase coined by BiggerPockets podcast host Brandon Turner.

As usual, there are two sides of coin.

I have a customized strategy, Stocking, that was initially coined by Brandon Turner on a few BP webinars.

When done correctly, a seller carried note or sub2 purchase can be very beneficial for both parties as it can often resolve a problem or problems on each side of the coin.

If you have any common area space, you could put in coin-op W/D's to recoup your electrical and water costs.For you expenses, have you accounted for landscaping/mowing, CapEx beyond normal repairs (roof/HVAC/etc), and property management? 

Well then you are missing out on a net gain of $350/month.However on the other side of the coin you can get into the place a lot cheaper if you get an owner occupant loan like an FHA.

There is an on-site coin operated laundry (owned) room.

Details below: Contracted Purchase Price $275,000 Seller agreed to finance 20% down over 5 years and contribute $2k towards closing costs Building needs no works as the current owner has fully remodeled each unit including new roofs All units currently rented, approved for section 8 (if needed), and is current on all licenses/city inspections20 separate parking spaces that can be rented each month for additional income (currently bringing $150 per month)Coin-op laundry on site bringing in approx $175 per monthSee below for property evaluation: Scheduled Gross Income $92,880.00Less 5% Vacancy Rate ($4,644.00)Gross Operating Income $88,236.00Less Operating Expenses Taxes ($15,179.00)Insurance ($2,645.00)Water ($2,400.00)Sewer/Trash ($6,000.00) Mngmnt (7%) ($6,176.52)---plan on self managing but need to allow for it Maintenance ($4,411.80)Total Operating Expense ($37,022.32)NOI $51,213.68Cap Rate 18.6%Our lender does not want to allow us to use the full 20% from the seller.

I did floors and renovated bathrooms in each unit, put coin operated laundry in the basement, and rented the units out. outside I had the old half of the roof replaced and a chimney removed.

Currently live in Denver, CO in a SFH my wife and I bought last year.