Just purchased a SFR for our family while using the house hacking method.

Personally I like the PnL method because it is cleaner and easier than 12-24 months of bank statements.

I have made numerous contacts and enjoy meeting new people. 

But I have read numerous stories of how investors got ripped off.

I am not exactly positive how to implement that method but I am certainly going to be trying to figure it out. 

On this loan type with 3-4 units you will need to pass a self-sufficiency test which is just a test to verify that the rent from the home pays for your PITI (Principal, Interest, Taxes and Insurance).Another option if you are interested in fixing the home prior to renting it is the BRRRR method.

Hey guys, I'm just starting out into real estate and wholesaling is the entry method I chose to use to get into the game and learn all about the market, the lingo, the bylaws etc...so I've been learning from Youtube and talking to licensed agents that I know for a little over 2 months now.

My objective is to purchase a duplex/triplex to utilize the house hacking method.

BRRRR is my go-to method that I'd love to try but again, a deal is a deal for our first one and that's our goal right now, just to start. 

The "BRRRR" method - acquire a property - rehab it - force appreciation, and then refinance it to pull out your original downpayment plus some profits.