This strategy allows for a relatively fast recycling of cash and free cash flow.The market has shifted hard and appreciation is not on the same trajectory as it was a few years ago, but it does still exist especially if you can force it. $200-$300k of appreciation on day one on a sub $1M property in the Bay Area is pretty good.

I would get very close to breakeven, but you are still living for practically free (not counting repairs, maintenance, and management) while paying down the mortgage on a monthly basis.I have never purchased a new property to house hack, but I would run the numbers like any other investment property.

Most people assume house hacking means you have to live for free but that isn't true at all.

I use a combination of CashApp and a website/app called "Rent App" which allows 100% free rental payments, and also helps tenants build credit.

If you would like to discuss in more detail, please feel free to reach out. 

It was hard to say goodbye to my babies I started this journey back in 2006 (18 years ago) The truly sobering thing about this event is that I was able to achieve these same financial results in ONE year with my first larger commercial deal; and replace my wife's income with that deal.  

You can get:-$10,000 per unit for mini-splits - $5,000 per unit for knob and tube removal - 75-100% off insulation- FREE light bulbs and light fixture- FREE thermostats- FREE Shower HeadsWe just got $20,000 for knob and tube removal at a 4 unit and $30,000 to replace this shared boiler at a 3 family we own.

Depending on your financials, a community bank that makes agricultural or commercial loans would be the place I'd start.

Rentometer- I believe you can use it for free for a certain number of requests after which they have to make some $.4.

Use it to buy-down your loan, offset some closing costs, or pay your coach.I love that it forces buyers to realize their agent isn't free to them.