The only thing that changes is the price and the amount left over to pay at the end of the month.The real goal of house-hacking is to reduce your monthly obligation to the mortgage payment, essentially allowing you to control a property for far less per month than would normally be required.If you're getting a duplex, you're more than likely still going to have to come out of pocket at the end of the month, but that also depends on how much you're putting down.With a fourplex, your goal should be to get as close to living in the property for free is possible.

the BRRR method sure works great … although usually takes some liquid capital to pull off unless you have those sweat hart relationships that are EARNED over the years... 

I am the director of the Towpath Volunteers Fife and Drum Corps and love to travel around the country and world with the band.GOAL: Invest in small multifamilies in the suburbs/city area of Rochester and self manage until I can replace earned income with passive income from real estate (approx $50,000/yr) to move into a second career path.I do not own any property at this time but I've been doing my homework to be as prepared as I can be for when I get started.

To qualify, you must be a first time homebuyer and earn less than around $60k/year (that’s number varies by location). 

When he called me, I told him I really only put out the request because I was curious to see what people were offering and that I already had a pretty good rate that probably couldn't be beat but if there was something better, I'd consider it to reduce my expenses.

This doesn't even include holding costs.I understand you are putting sweat equity but those numbers are tight..If you build you need to automatically profit on equity or else it's pointless.. usually 20% to make it worthwhileGood luckIf he is building his own units---- those number will be greatly reduced.

After that experience, I decided I would minimize debt partners or hard money lenders and maximize the amount that came from equity partners to reduce my risk.

HELOC should be used if you are going to earn more return on your loan than you are paying in the interest. 

It does raise a red flag being on the market that long but if you can get it at a very very low price and your risk level can be greatly reduced and if you use very conservative numbers on rent and and very liberal numbers for repairs and vacancy then I would consider moving forward.

TJ and team earned my trust so I'm definitely moving forward with them.