You're putting the roof over your head on the line if anything falls through, so of course there is some risk with that option.

Additionally, when compared to the alternative of paying rent every month and not building any equity or wealth, house hacking is a clear winner.Of course, everyone’s financial situation is different, and it’s important to run the numbers and make sure that house hacking makes sense for you.

Being specifically located in CA could help marginally, but you may also pay a much higher fee due to the higher cost of living (depending on which part of CA of course).

Of course, that assumes all your assumptions are accurate - I'm not in Dallas, so can't provide guidance on those.

Any tips you can share would be greatly appreciated!

The landlord is "allowing us" to break lease (and handle all the rental ads and showings, of course) but has jacked the rent from $2250 up to $2500.

Navigating a new market from afar comes with its own set of challenges, and I'd love to hear any tips or recommendations that could help me navigate the process smoothly.2.

I'm of course bias, but we get a lot of Nor Cal investors here because we're driving distance but have low property taxes (that do NOT reassess on the sale), stable job growth, employment growth, land constraints that drive appreciation, and much more landlord friendly laws. 

You can use online platforms, social media, and word-of-mouth to attract renters.Manage the Property: As a landlord, you'll be responsible for managing the rental property.

You can verify they are the owner and possibly their number online.