paid parking is definitely a niche, Kevin Bupp buys these.

If you are worried about it, buy an umbrella insurance policy for $1 million and sleep easy. 

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

Hi Dave,The topic is 2 years old which you might not have noticed.Closed at a 7 must have been urban core in a highly desirable area.I am seeing trade at a 9 here with no rent bumps in the primary term.For anyone wondering many tenants are credit tenants.There is a huge difference in that INVESTMENT GRADE tenants are BBB- or higher.The ones below that are considered junk status by many lenders which doesn't make them a bad investment just harder to get financing and more to put down.The dollar stores (there are 3 big brand companies nationally) with other smaller regional knock offs are okay as long as you are not buying in obscure rural locations.The fronts are usually brick facade and the sides are sheet metal.You second and third generational tenant will not have the same per sq ft sales they will leaving you with less of a re-rental return.Having said this I have seen some very nice all brick ones where the city required a certain architecture and look to approve the building permits and process.Those typically run 1 million in price to 1.2 versus the cheaper ones in rural areas at 500k to 800k.

I’m curious: are others who house hack buying homes they can just barely afford, or are you sticking closer to the ~30% housing rule and using house hacking income as an added bonus?

This is far from the market I practice in but it would seem building and sitting on a few of these for 5-10 years could be quite a nice bump.I like the option to buy a 20plex, clear $10k/month and replace income.

You mentioned buying a MTR condo.Is your income below $150,000 or are you able to claim real estate professional status?

Buy a 4-plex with an FHA loan.

I have begun to look for a new primary for myself but have decided that if possible, I would like to build rather than buy. 

Selling now would also be buying at peak and selling at rock bottom or close to it.