There were so many things I didn't think to look at when I bought my first house that when I bought the next one I was a lot more vigilant.

Look at the name on the record, purchase price, year bought, etc.

We bought our first home (already at a good price - owners were very motivated to sell quick) in Kailua in late 2016 with a loan from my parents for the down payment and have done a lot of improvements already which has upped our equity quite a bit, so at this point, we are waiting for at the very least the 2-year mark as well as a few other improvements before we sell again, and we are hoping we will make a pretty good profit, pay my parents off, and have leftover to move on to the next property. 

No, you probably aren't going to be cashflowing out the wazoo to begin with, but with the rent growth and appreciation you'll likely make far more in the long run than buying in a place where the cashflow is high but the property sells for exactly what you bought it for 5-10 years from now.For house hacking, it still may be plausible, but you should adjust your goal from making money to saving money.

I bought a 4-plex last year for low 300's and its giving me $2900 in rent.

I bought my dad's landlord's house which is 2 houses on one lot for a pretty good price and it cash flows nicely.

Hey GuysI have bought one rental property before in Europe and currently looking for the first of many in the US It is a single family one in Cincinnati, OH in the west price hills area Cash Price $59.9kIt is currently rented to a tenant who pays $895 - section 8.

Remember that old adage; the golden rule is 'He who has the gold, makes the rules." 

Hey Matthew,I live in CA and just bought a rental in Cincinnati (in one of the neighborhoods you mentioned too).

I love this topic - we bought a small house before kids, expecting to move after 5 years.