I get that it is a necessity to compete in the Seattle market, and the trend seems to be growing in the Tacoma market also, but man... it doesn't mean it is wise.

It always would be wise and new life experience good luck.

Hello Mamadou,I want to start by saying that you are making a great choice in considering house hacking with a multifamily property, and you have made a wise choice by reaching out to the BiggerPockets community for some guidance.

@James Wise  Jim has a nice little write up that he posts when this question comes up basically daily. maybe he will post it for you.

@James Wise I agree with this response.

If you've only got the funds to buy 5 single family homes I don't think it's wise to be in 5 markets.

Typically I would expect private oeny to be 8-12%Thanks Ned,This is a deal (ROI Wise) I wouldn't choose to do if I hadn't gotten a partner onWith a loan realistically I would yield about 17-18%I am thinking of just having a simple interest only loan @ 7.5% without any equity share.How would you structure it?

I would be more embarrassed by not using my money wisely for example by leaving all of it in an FDIC insured account that you know will not keep up with inflation (It is OK to have some money invested conservatively but you should also have money working for you and FDIC insured accounts loose buying power due to inflation).Good luck

Overall, it's just not wise to be without cash on hand when holding properties.

@Victor Gutierrez all wise words.