I'd work with a lender to get your credit up so you can qualify for a conventional loan.

To me, when you say house hack, that means buying a property as a primary residence with a low down payment, living in it for a year, and then moving out and renting it.

Hey Landon, I only know of one tax court case where someone with a w2 was able to qualify as REPS.

First, the lender will probably be willing to allow the buyer to qualify for the mortgage, at a somewhat higher interest rate.  

Investment Info:Single-family residence fix & flip investment.

I also rented my primary residence in Denver and have $800/mo cash flow on it.  

Looking to buy in the summer or near the end of the year.I may actually qualify for a traditional but I need some advice.Right now I'm a hybrid w-2 and 1099 worker.

Still, I'm concerned about potential tax complications given the property's location in Maui, my residence in California, and my in-laws living in Washington.Am I overlooking anything crucial here?

Guaranteed2 - You pick your poison....You, as the resident NNN expert, just said it better. 

If you qualify for the short-term rental loophole, then taking the deprecation makes sense( in general).