This is where most people start getting nervous. And, honestly, it's for good reason. Having good residents can make owning a rental house a breeze, but bad ones can make it a nightmare. Fortunately, there are practic...

If that does happen, there’s always multiple solutions to that.

I have a HELOC on my Texas primary residence and am considering a house hack for my next purchase.

This is the fork where I'm not sure if I'd be good to get some CRE exp and invest in learning about how to review deals for the next 2-3 years, or focus on generating revenue for investment purposes and watch how things are done as a LP.My personality more aligns with networking, reaching out to people, connecting, navigating difficult situations and finding solutions that work.

If you qualify, you could close on the loan in days.Home 2 could be an option for a fix-and-flip as well, but you would have to have another residence because these types of loans do not allow owner occupancy.

Either way, run your proposed solution through an attorney. 

So while it's not as ideal as a multifamily property, it does present a solution for those that are in the personal situation where they can. 

What are the biggest challenges people have faced with this. Also how do I make sure to get good tenants?

What are y’all doing for insurance coverage solutions?

and some guidance from the FTC is here: https://www.ftc.gov/tips-advic...Simple solution - DON'T.