Specifically, a HH can substantially lower your living expenses, while increasing your income.

I set up my entities mid 2023 -a holding company in WY and an operating LLC in NJ and have only had start up expenses so far and no income.

It's easy to get excited by the big goal but also overwhelmed. 

After all expenses I've shown a loss on my tax returns the last 2 years and it wasn't just a paper loss.

High cost of entry here, and I have found that most local lenders require 20-30% down with 6 months of reserves for expenses in case of vacancies.

No...different house....the more expensive one is different quality...all brick, different finishes, different appliances, different lot size, 30 year shingle vs 20 year shingle and so many other details.Dallas vs Collin County....two very very different places......take places like Frisco for example where most homes have been built in the last 20 years vs Dallas where very few homes have been built in the last 20 years. 

Someone who's looking to serially house hack in my area probably won't be able to do it in those very expensive/desirable areas, but they also don't have to settle for the really bad, crime-ridden neighborhoods either.

If you’re looking for suppliers for less expensive materials then you’re better off with a local reliable contractor.

In my market, the multi families are very expensive and the SFH with the MIL basements usually pencil out better. 

Here are some considerations:Higher Initial Investment: Multi-family properties are generally more expensive than single-family homes, requiring a higher down payment and potentially higher financing costs.Management Complexity: Managing multiple tenants, leases, and potential tenant issues can be more complex and time-consuming.Local Market Demand: The demand for multi-family units can vary significantly by location, potentially affecting rental income and property value.If you are more interested in Class A or B properties and have a less cash flow-dependent plan, residential properties can be a simpler place to start.