I'd take it and learn as much as you can and ride it as long as you can

While I think it's truly awesome how many people have been able to build incredible wealth recently by riding the wave of mass real estate appreciation, the tailwinds of historically low interest rates are behind us so I think going with a low risk strategy like house hacking is 100% the best way to get in the game.

I think you need to look at more leads before switching gears as starting local in an expensive market is great because you can ride the appreciation wave.

Daniel, you should connect with a local agent as your area can have Flood and Wind/Hail issues that can add large premium swings.  

If the market turns, you'll have sufficient equity to ride it out as opposed to being over leveraged. 

Dont even think about giving your daughter a free ride.

I am very new to real estate investing and would like advice on whether now is the time to invest in a SFH or am whether I am simply riding the wave of FOMO from the crazy rise in home prices and rushing to buy?  

That means the recent wild ride in interest rates hasn’t really hurt prices.

It has been a fun ride. 

Gives you a learning opportunity and you can ride the appreciation wave.