In house hacking, I believe the idea is to buy a property (single family or up to 4 units) using a conventional fixed rate loan with a low down payment and then to live in it for the required time and move on to buy another property the using the same method.

The previous owners want to make the veteran sign a new lease that includes paying them their $200/month OR want to keep the security deposits to account for this Any advice? 

The previous owners want to make the veteran sign a new lease that includes paying them their $200/month OR want to keep the security deposits to account for this Any advice?

I used some creative financing methods so it only cost $6k out of pocket.

There is most certainly a methodical and intelligent way of installing sub-meters and ensuring an additional profit.

I want to follow this method until I have at least 4 rental properties around the campus.

China uses a method of "hiding" actual numbers to reflect a  better economy than actually exists.

I guess I don’t see why this method is any more risky than having it financed through the HML?

That way he has a secured investment and you can move forward with the deal (it sounds like a fix and flip?)

The income is also subject to self employment tax which is both halves of medicare and social security.