In the cities the government got involved in housing and low income housing was built for poor people.

Also have you been able to see the property in person or are you relying on an agent to be your eyes and ears on the ground?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Just know the layers involved and be sure you are still able to complete due diligence on the sponsor. 

@Josh WillisHouse hacking involves buying a small multi-family property and renting out units to cover mortgages.

.#2 Keep an eye on interest rates based on what the loan officers proposes. 

In contrast I can keep an eye on my Bay Area properties, try to do a minor repair myself, etc. 

I have been involved with a few of these projects in different areas of the country and each one I have worked with has been a great success.  

But, understand the cost involved.

However, their terms involve a 20-year amortization, a 5-year ARM, and a rate of prime + 0.5% thereafter.I’m exploring other options for financing and would appreciate any suggestions or advice.