If you go in with realistic expectations and a well-thought-out plan, house hacking can be an incredible tool for building financial freedom.Have you tried house hacking?

Well thanks for replying now!

Well, that’s definitely something to write home about. :-)You use the word “WE” a lot.

It gives you a total livability score as well. https://www.areavibes.com/

Those are spray and pray techniques that don't fit with sellers right now because sellers/owners are sitting on a very low rate and don't want to move to go up 4-5 points on their rate.Listings aren't a start now thing as well.

Other factors as well of course: DTI, the LTV, primary residence vs investment property, etc.

I appreciate the reminder as well that if the gain is fairly low then it may make more sense to just pay the capital gains taxes now versus 1031 exchange. 

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

My plan is to funnel the rental incomes from all three properties, along with my W2 income, back into the HELOC while covering all expenses from it as well.

In the LOI, should I put my name and the buyer as well?