My wife and I moved to town about 5 years ago and have really enjoyed living and investing here in BCS. 

My goal is to cash flow and if I can use it personally then great.

At closing a Note was issued and a Mortgage/Deed of Trust were issued showing the Borrower (Investor's) indebtedness to me, with a Mortgage/Deed of Trust showing my rights as Lender over the Borrower's property.I have received mixed recommendations on this topic and am looking for guidance that is consistent.Specifically, I lent money and had the investor/borrower/property owner place me as "Mortgagee" on their property's insurance policy.

Will it reduce my cost of living when compared to renting?

My name is Ashley.

You may already have though about these aspects, but from personal experiecne, here are my 2 cents..Maximize Tax Benefits: One of the major perks of house hacking is the tax advantages.

The house was purchased for $200k using a HELOC from my primary residence and part of my savings.

I am looking to buy the home myself to help my mom out and use it as a learning experience for my first investment and keep my mom as a tenant. 

Hello - I have a paid off home that my parents and I are on the title, but I want to remove myself from the deed.

My personal home loan has a mortgage balance remaining of 157,000 and it's currently worth 550,000.