House hacking is using an owner occupant loan to get into a home or a 2-4 unit property.

With the proceeds we later purchased two properties the same month, one with FHA loan 5% down and received a closing credit of $8k plus a $2k check made out to us after closing.

Let's use that as an example. 20% down is $43,000 plus lender loan origination fees, closing costs etc is going to push you over $50,000 cash out of pocket.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

I assume you’ve got a loan that says you will be living there.

Let's me put numbers to it: Bought a STR for $400K, 20% down, 8% DSCR loan.

I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.

I got a HELOC loan on the home for $130k.

Mfh is an unfair game because you need a partner to help you with the experience question when getting a commercial loan.

You are going to want to find some good wholesalers in your area that can help you find distressed properties, or network/cold call some home/duplex owners in your area to see if you can find a discounted distressed properties, use the heloc to get hard money loan.