Ryan, great decision to take the plunge, if me and my wife were children free, we would definitely go for a house hack today, it makes crazy awesome sense to do this.Here are a few pointers:1) Use an experienced 203k lender, not someone that has done (1) or (2) just google 203k lender for your immediate area, call (3) get best rate, listen to experience pick (1)2) Its all about value, in some cases you can go 110% of appraised value, giving you more money for your renovation if you need it, depends on your situation and market.

I wouldnt let it be the driving force in your decision, but it is just a thought to keep in mind.

Thanks for your input James, we definitely have a lot more research to do before making a decision.

Also, I'd be happy to point you in the right direction for things to think about and consider as you make a decision regarding your next steps.Please check out my profile and reach out if you think I might be able to help you.

Anyway I'm looking to learn more and make a more educated decision with the next property I buy.

This wasn't an easy decision but a necessary one.

Regulators make their decisions based on what they can examine in writing, not on verbal assurances.

Local markets also effect decisions as something almost considered a given in one part of the country might make no sense in another.

Freedom of time, movement, decisions, etc.

I became involved in real estate because of my keen interest interest in providing clients with the support and information they need to make an informed decision regarding what could be the biggest purchase they will ever make.