We have a single-family residence we own and have lived in for a number of years.

I live and invest here rentals, flips and STR's.

Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.The seller has never lived there and has not provided any information on if it has flooded before or not. 

As long as you're prepared to be a landlord and live next to your tenant for at least a year, house hacking is a great way to get started.

I am exiting the rental market here (love living here tho). 

I’ve lived in Cape Coral since 2013. 

I am considering living in one of the units myself.

Quote from @Brandon Croucier: A DSCR Loan requires the property to be in LIVABLE CONDITION.Does it mean YOU would live in it?

His mom lives in Vancouver, Canada.

The first year was challenging meaning had a tenant but not saving, it was just making my living expenses cheaper.