Regards,VivienHouse hacking a 2-4 unit property is a convenient way to get started and a useful strategy for growing your portfolio!

I’m an investor and the owner of a property management company based in Kokomo, with portfolios extending into the Indianapolis area.

My goal, over the next five years, is to utilize real estate in lieu of my current hourly consulting income, by building a portfolio of rentals.  

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

I have used owner finance and hard money mostly to build my portfolio but need some institutional refi in the future.I'm also thinking about how this affects taxes, insurance.Thanks in advance for sharing your opinions!

The rent from the other units will allow your to purchase a more expensive property than you could on your own, which could help you build the value of your portfolio (and equity) faster. 

They ended up with a portfolio of $200,000,000 in notes of which $800,000 was performing.   

I plan to start by investing in a SFH to get my feet wet and then growing my portfolio from there.

I own a 7-figure rental portfolio here myself.

This allows my portfolio to grow, keeps rents coming in, and keep my costs low.