Remember, the goal of house hacking is to reduce your housing costsThe property must be cash flow neutral or cash flow positive at the current rents if you were to never move in.

But have since reduced it to $1250/month which is about what it had been renting for over the past year prior to me renovating it with all new flooring and a few cosmetic upgrades. 

Obviously there is no equity to be had but it would considerably reduce the mortgage therfore at least giving me cash flow now.

In addition, updated the laundry appliances with energy-saving ones which helped my bottom line.

By locking in our funding, we can eliminate one source of potential distress and we can also 'fix' one of our major expenses by locking in the financing rate Increase your cash position – there will be opportunities to buy distressed assets from people who were not prepared, but you will need cash Reduce Leverage – leverage can be used to provide higher cash on cash returns however along with leverage comes greater sensitivity to any loss of income.

It’s not easy doing both but if it was, everybody could do it.Build your team, get one deal under your belt, learn from that, make edits and corrections to reduce the mistakes and timelines, then go do more.

(note: this would reduce cash flow).I very much want to start BRRRRing.

Only really because i should just focus my all my energy on the triplex.So my question is, How bad is a credit pull from a hard money lender?

If you increase the NOI by either increasing rents or reducing expenses, you increase the buildings value, and you can literally take that to the bank (and get a nice tax-free refi).

Increased rent and reduced expenses as a result.