2) If you do owner-occupied cashout refi for best rate, you technically have to live in the home for 12 months before renting it out. * Some responders here may suggest not worrying about that and renting it out anyways.

@Jonathan Grzeszczyk - I'm a flipper, investor and property management company owner in CT. 

If you have none of that, you could fudge higher on housing debt.C Credit.  

I found a house that I like to purchase in a great neighborhood and the exterior looks great for a 1922 stick built house.

A block can transition from appreciating to depreciating within ten houses so you have to learn where it is ebbing and flowing.

After 20 years as an investor, broker, and lender, I can tell you that house hacking is one of the smartest ways to start.

A simple phone call or e mail  Hey you sold my friends house they loved you would you come to our house and help us like you did them.My wife got one yesterday daughter of one of her clients.. she has a 600k house to sell and wants to buy a 750k house ..

The owners reached out to me from a direct mail campaign.

With the property needing lots of work, I provided a solution to the owner.

There is a certain entitlement mentality and a long-term frustration mindset where they often times will mention repairs previous owners "promised" to make, etc.