They use the listing as an interest generator to get other buyers.

It sounds super sexy, and can be a way to generate capital, but you'll quickly learn it's way harder than it sounds. 

@Brad Coyne Great leads!

When they're selling for $170,000 and renting for 1600/month, they can approach too-good-to-be-true.I do think the stadium will generate more commercial investment to the area, but I'd have to ponder more how that would play into appreciation/rent/demographic changes.

I've purchased my list from list source of 600 solid leads (Absentee, 50%(+) equity, 10+ year deed, target zip code here Columbus that I from an investor for a good growing area).

Because I have no money down, any cash flow generated would result in an infinite ROI.

This is a very rewarding business for me, but it is also very difficult and at times extremely stressful and even alienating from the kind of lives most people lead in our society.

Hence, you could have a cash flow generating machine but won't get any credit.

If you have a close relationship with a lender that you've done many loans/refi's before, then you might be able to generate your own pre-approvals and then let lender know that you've submitted offer and pre-approval with their name.Terry

I have yet to have a new build ever be done on time (which leads to problems moving out / renters moving in, and expensive interest rate locks extensions), 7 times out of 8 it ends up costing a couple points more than expected, so yeah, building a house isn't the coolest way I would try house hacking.As a side note, I've had an accessory apartment.