I recently helped a friend who was in a similar position - looking to tap into equity for a rental property purchase in Phoenix.

A friend of mine picked up a duplex there last year for under $150K, added some sweat equity, and turned it into a cash cow.Chattanooga, TN: This market has been quietly making waves.

I had a friend arguing with me yesterday Pace's program has high value.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and it's super landlord friendly (so you will never have to go through a 12 month eviction or anything close to that!).

This one I did 50/50 with a friend makes it way less stressful and allows me to do two projects at once without overdoing my risk tolerance. 

Leverage can help you grow faster—consider DSCR loans or other investor-friendly financing to scale while keeping your workload manageable.

Hey Rafael, as someone who's been investing in Florida for 20 years, especially in Tampa, I'd say you can’t go wrong with focusing on this market—it’s got strong appreciation, great rental demand, and tax-friendly opportunities.

I was in a similar position a few years ago, but fortunately got married and our combined incomes helped us qualify for a larger house hack.We're on our second one in NOVA, Alexandria to be exact, and instead of rent by the room, we are renting out our walkout basement on Airbnb to monthly guests.That said, we have a number of friends doing well with rent by the room across NOVA, though they're purchasing homes with 5+ rooms or finding homes that can be renovated to include that setup.I'd recommend attending meetups such as the one I cohost, NOVA REI or Cashflow Breakfast Club or any of the others to meet those who are house hacking.

Landlord friendly states are going to be your best friend since CA isn't the best at looking out for landlords. 

This deal was brought us off-market by a friend.