Conceptually think of house hacking in the NYC metro as a reduction in rent.It all boils down to the numbers, but if the direct property costs (mortgage + insurance + tax + capex/repairs + vacancy) - the income (rental income) is less than your rent, you are effectively saving yourself money, aka "rent saving"I did this in 2014 in Westchester county (different location, different time, different market), but effectively cut my rent in half.Regarding Basit's suggestion, I would follow this ONLY if your cashflow from the other market is greater than the "rent saving" in NYC on a per dollar invested basis.Joe

I'd be interested in talking. my info is in my signature I'll message you to connect. we are looking for 85% LTC lenders for ground up triplex deals for three investors in Columbus Ohio. we are LPs in the deal just to qualify them and we have ground up experience as well as general contractor license. all construction sets, plans, etc. all of the entitlements we take care of so should be all set. totally vertically integrated and all the same plan. all urban infill lots close to downtown easy to appraise. 

And, all commercial loans I've been privy to care much more about the DCSR than the paper value of the thing.Unless you're trying to save your first 4 conforming loans for other purposes, I'd first look at getting separate loans for each property from the same lender who's using conventional FNMA guidelines.

Any info would be great I have been told that the max household income with new rentals is 105k however I see online that it is 193k.

Investing in real estate is for cash flow, capital appreciation, tax savings, and amortization.

If that's the case, at what point can you save money on the build?

You only need to put 15% down on each so between $30K to $40K and save the rest of your cash for renovations.

Have you found any good/bad info on them in the past 2 months?

Save me from a whole day antiquing.Dont answer any of the following::1.  

I currently have saved a lump sum of money...