@Alex JacobsBuilding a rental portfolio through house hacking is a terrific idea, particularly if you want to reduce your down payment and increase your income flow.

Just be ready to arm-wrestle with lazy & incompetent agents that will argue with you about your document & approval requirements.Hire a PMC:Several will do just a placement, which because they are used to properly screening tenants they will have to manage, you will benefit from.Have you fully thought this through?

Life had different ideas and I sold them both and bought a family home (4 bed) and a 2 bed investment.

If I did, I would know, and so would your PM. https://www.payrent.com/articles/tennessee-security-deposit-...I’m also going to assume you have very little idea of what fair rent is. 

Hi Luis,Great idea to house hack.

Before I sign on the dotted line, I would like to get ideas on the best use of the available seed money I have.

Use these numbers to get an idea for which area you will see a better return on to help you focus.

@Jon Holdman good idea!

Any ideas how much single family houses in Butler beach can rent for in terms of gross income in a year? 

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.