However, if my old college friends want to live with me and help with the mortgage I thought it to be a great house hacking scenario.

@Michael Plaks, information on the link you sent was very helpful but as you said, I can't get a clear picture what I need to do on my tax.

Does anyone happen to know if there is anyone that can help or at least guide me to a person, place or thing lol that would have reputable training.

I'm in the union on long island so I have a decent W2 job to help get started, I think a house hack would be my best bet starting out but, what do you guys think?

Hey Chandra, applying part of the rent toward the purchase price motivates buyers by helping them build equity.

Hope this helps get you started! 

Normally the tenants understand.If you're having consistent issues with a tenant abusing the HVAC only (if they are abusing other items then it may be helpful to find a new tenant), I know some HVAC companies offer an annual plan with a certain number of visits per year at a flat fee.

BP has various tools to help you analyze your deals (rentals, flips, wholesale, etc). : https://www.biggerpockets.com/investment-calculators7.

They have helped my parents retire comfortably, paid my kids way through college and been a great way to store and build wealth.

Then 4) I would get laser focused on 1 or 2 good markets with a realtor that is also experienced with flipping and can help you find good deals.