Quick hack, to answer your question directly, is to note that we just use the monthly payment for DTI.

Hey Biggerpockets Community,I’ve been following this forum and podcast for a few years and finally pulled the trigger on an investment condo in Charlotte, NC earlier this year and have been house hacking my primary single family home for a while.

I would like to purchase a duplex to house hack, and rent my current home out as an STR.

Perhaps maybe house hack every year with primary residence?

My plan is to house-hack it with this property and hold onto it as I take my first steps into Real Estate Investing. 

Is a it a house hack.

I am currently house hacking in Westminster CO and have a house where the basement has a 1,000 sq ft basement "mother-in-law" suite that has a lockable, entry door in the basement utility room. 

I am considering house hacking my house and I wanted to know if I need a lease for each roommate?

I really want to house hack for my first home, but was advised that I should stick to the areas I know and not move to a state where I do not know the area.

-Upfront mortgage insurance premium (UFMIP) of 1.75% (financed into the loan amount, like negative equity)-Higher rates than Conventional (assuming 720 credit)~You can only have 1 FHA loan at a time (there are exceptions though) so you'll have to refinance out of it if you want to house hack multiple 2-4 unit properties. . .