If you are using a low down payment option, it's not really realistic to expect to be cash flow positive while you’re house hacking and living in the property.

We use a Standard TREC management agreement so if they are using a state created and sponsored agreement there should be an out clause in there I would imagine.

I believe I've heard higher rates at around 30% for this type of service.We will be using a small local bank and I will be discussing the intentions of transferring the property to the legal entity so there are no suprises.

You can look into using a "non-admitted carrier" to get around the rating systems--you will have a lot more freedom with coverage amounts, but the co-insurance requirements are still in play and typically much more stringent.  

You can't write any of that off if you are using a SDIRA?  

Here's why.If your rent is higher by $600/year, using a gross rent multiplier of 5X, you've increased your property's value by $3k.

This is especially true if you are using a very low down payment.

Greetings BP,I am under contract with an owner-occupied 4-plex in which I am using a VA rehab loan. 

The stepped-up basis is significant as the property was in a trust for a number of years before it was transferred to my name so using a 1031 exchange is a must. 

So, I feel after we sell our home in WA we will have some good money to invest into a property using a conventional loan maybe?