Your time and money can be invested elsewhere and at least you are no longer renting.Keep in mind house hacking means that someone pays part or all of your bills. 

I don't have time right now to read all that's been suggested in the past but some important thoughts (some or all may be on BP already) include:1.

You can't assume that a tenant who orally tells you that they are moving...is actually moving.

As a general rule these days with good credit you can qualify for a mortgage (PITI) payment that is:Max PITI = (50% of your gross - other loan obligations (like car, student loan, etc))  Other obligations does not include things like Gas or utilities etc.In this way you should cover most or all of the mortgage and expense with rent, get experience as a landlord, and still have a nice nut to invest elsewhere once you are autopilot with the house hack.Good luck you are in a great position

@Kenneth GibsonAs long as you have a former employer 401k or if you are over age 59 1/2, you can transfer some or all of the 401k funds to a self-directed IRA. 

Well it could mean the quality of the location, quality of the building, quality of the tenant or all three.Are you wanting to invest in retail assets??

Most rehab investors start by doing EVERYTHING and then realize years later that "finding the deals" and much or all of the renovation labor can be easily outsourced, freeing you up to analyze more deals put on your plate, negotiate terms and financing, manage handymen and contractors and oversee marketing efforts.I usually do 10%-20% of the labor on my nicer projects.

I talked to a few commercial loan officers, and they want 20% down so 50k but the owner is willing to hold back part or all of the loan and I have heard of low or no money down and my ?

If you have more time than money you may want to consider a more personalized type letter, either hand written, or al least hand addressing the envelope (assuming those are all printed from a computer).

Could I create a new checking/savings accounts under Chase or Ally for my REI business?