A fun fact about myself is that I do comedy improv in my free time!

Deposites are legally REFUNDABLE.What happens if your tenant changes their mind the day before MoveIn and leaves you with no time to find a new one?

On top of the fact that values and rents rise during the time you own the property.....refinancing, or snowballing payments can bring your payments down on top of it.  

If I can't do this the house loses money big time like 800-1200 a month.

This is the most complicated piece because you are essentially the mortgage originator (which might run into licensing concerns depending on how many times you do this and your state), and you need to make sure the person who is buying is a good borrower.3) close with a title company or lawyer (state dependent) who knows how to deal with this type of transaction4) set up an account with a servicer to collect the money from the borrower (not required, but highly recommended from note buyers)5) collect payments

Hoping to replace my income over time with multifamily units and utilize house hacking.

They have to source off market product to make money and that requires time and expense.....but ultimately is worth it, depending on how many deals they hope to do annually.

Do you go to stores around there all the time, have friends in the area, have other ties to the area?

@Ricky Gonzalez Off-market deals take time and energy to find. 

Most agents don't work with investors so you can do well if you take the time to learn and be good at it.