Hi Jake, the fact that you're a US citizen/resident has absolutely no bearing on the process.

So you are suggesting like me tryin to by a single family residence or a apartment unit and live in one of the units and rent the rest out as a house hacking strategy?  

I have the funds available today for the purchase of a rental property as well as a primary residence, but I also want to set myself and my wife up to reach financial freedom.  

@John Leeagree with being picky with where you live and your primary residence. 

Investment Info:Single-family residence buy & hold investment.

Tenants may not occupy residence without utility service except during brief interruptions beyond your control.

Purchase price: $350,000 Cash invested: $50,000 Sale price: $550,000 I acquired this property in 2015 and used it as my primary residence for two years.

And consulting with a local attorney to ensure compliance with state-specific real estate laws, plus making sure you have the necessary permits, is a smart move.As you start, also look into state-specific rules regarding contractors and renovations, especially if you plan to flip in different states from where you reside.

I have had wholesalers call me on my personal residence and tell me it comps at 650k.. when in fact its worth closer to 1.4 mil all day..

Investment Info:Single-family residence buy & hold investment.