Today though, we are in a high priced environment with expensive money.  

I don't think it's risky at all in the current environment, but if interest rates tripled or something then banks very well could become interested in calling loans.

It's the closest city outside California and with the 4th lowest property taxes in the Nation, no state income tax, and landlord friendly NV is a great environment for investing.

This becomes especially critical in the current environment where you can earn 5% on your money easily and aren't tying up cash until the project is completed.2.

Cash-flowing SFR's are tough to find in this interest rate environment without value-add rehab work or a large down payment.

As for house-hacking an existing quad, only putting 5% down in this high interest rate environment will almost certainly mean you won't be "living for free" as is the point of house hacking.

Its just so hard in the current environment to get any cash flow with SFR (unless you bought when rates were lower or are doing a well-executed BRRRR). 

Hey Nick, I am a new investor here I appreciate your response to OP's question, could you elaborate on the complexities associated with assuming a mortgage in today’s high-interest rate environment?

(Not to mention the regulatory environment has clamped down.

It is still possible in this current environment, however.