If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

I live in San Diego, CA and purchased 3 single family homes over the last year, 1 in TX and 2 in OH.

On the rental agreement it should clearly state that only those listed on the lease are allowed to live in the property. 

You can also contact a local alcoholics anonymous or other organizations and let them know you have space available for anyone living sober.

@Aloysius Martis I just sent you a private message but I live in Wake Forest and work with Apple Realty where we manage around 600 properties. 

In my experience you tend to get more people living there than the people who apply. 

Not here to pitch—just trying to refine the concept with insights from the people who live and breathe CRE development.

Most people assume that house hacking means living in a 2 bedroom 1 bath duplex.

Quote from @Juan Perez: Greetings,My first home was paid off over a year ago, and I am now living in my recently purchased 2nd home.

While fire safety is undoubtedly important, a mandatory sprinkler requirement may have the opposite effect—discouraging necessary renovations and inadvertently making these buildings less safe.No one disputes that sprinklers can help save lives in the event of a fire.