I don't see too much of an issue of negative cashflow when it comes to a house hack if your intention from the start is to treat a similar property as your residence along with your abilities to afford the expenses without any rental income as a supplement.

Looking to buy a cheap property to start my path to financial freedom via supplemental income.

We supplement during the colder months with heavy blankets that are kept separate from the bedding.

Right now just using generic numbers (250k value, 75% LTV cashout, NC NOO) they are quoting 3.5% on a 30yr.

Not really a big business, but a good supplemental side line at home.You will have issues and upkeep with your dump station.

If you arent making generic market rates, you arent making money, and your money isnt working for you.Don't get me wrong, Id love to make money, but I only do one type of business, and thats good business.A deal where you are paying substantial fees and costs, and only making what would probably be 3-8k at best, well thats just plain bad business.

Until completed, you've got a slim chance of engaging others to provide anything but the most generic responses to your posts until you take the time.

To help with your asset protection / estate planning strategy, you may want to adopt a more generic name for your entity such as "XYZ Enterprises" or XYZ Industries", and use "XYZ Investments" as a dba name.Of course, LLCs should be used to hold income property long term.

If not then as a landlord you are supplementing your tenants rent payments.

That allows you to grow the IRA and generate tax savings.If you do not have any IRA savings at the current time, then setting up a plan with a generic Wall St firm will be your best option until you squirrel enough away to start thinking about investing in real estate.It is a long term strategy, but one that will reward you well.