Hi all, I've been housing hacking a duplex since 2021 and due to some life changes will be relocating out of state.

The last month I have been exploring house hacking options as an easy option.

When I move out of my house hacks, I call my insurance broker and he moves my policy to a landlord one.

If you are purchasing that MF property for $1 mil then you can use the 3 units as your replacment for the 1031 exchange ($750K of value) and live in the last unit ($250K of value).An awesome way to house hack your way up!!! 

I think the freedom of not paying your primary mortgage would be a huge stress relief and allow you to deploy cash quicker in the future and feel safer taking risks when you know your own living situation is covered.On the rental side, I know the magic ingredient in real estate is time and the sooner you get properties, the sooner they appreciate and are paid off by tenants and 5+ rentals 20-30 years from now would definitely be worth more than the one primary.Would love anyone's thoughts on how you would go about this situation!

With your budget, you could potentially house hack or grab two smaller properties to diversify your investments. 

With the newer 5% down conventional loan for owner-occupied multifamily option, I generally advise people to start analyzing from there if they want to house hack a multifamily with minimal down.  

Have you thought about doing a house hack?

I would try to do a house hack if you can in your area

. - Four years of appreciation -100k HELOC for investing.TakeawaysThis house hack worked because I chose a desirable home in a good area with strong appreciation potential.