I'd also find a real estate agent who knows the house hacking strategy or has house hacked themselves if you plan on using an agent. 

There will also be many unknowns that you can plan for or build a cushion if an assumption is wrong.

When did you finish building the home and when are you planning to be done with current renos?

Liens stay with the property, so if you are the (new) owner, you will have to deal with them if you plan to refinance or sell.

@Julien Lorincz you may want to also check out Detroit, per below data:What other Midwest city has as much investment planned as Detroit, yet offers such affordable real estate investments?

If you're not planning to live in the property long-term, I'd suggest prioritizing the property's standalone investment potential during evaluation, regardless of its role in a house-hack scenario.

I thought Portugal got rid of it altogether I know my client had to spend 500k. 

But there are pros to doing this too.I don't know Detroit very well and I plan on going there to meet with different PM and see their point of view and see if there's potential in all of this.

@Justin Whitfielddo you want to be hands-on and spending lots of time finding, rehabbing, and managing properties and growing your portfolio? 

You will need both of these if you plan on running it yourself, BUT it depends on what type of property you are running. 3a. - Partial Residential - If you plan on renting out bedrooms in your main residence where you live, this is for you.