If you are house hacking, screening is 10x more impoartant. 

How would I go about getting the money to house hack.

Quote from @Jose Saladin: I want to purchase my sisters house as my first investment.

There are not too many people who can pay 40K cash to buy a house.

Good question, they seem to be all over the place depending on the area and I am not an insurance specialist, I think typically 1.5-2x normal rates but I could be off by a bit i have been honing in on White Hawk if you know that development and its in the pines but it does have water system with hydrants but volunteer fire department ..

My local municipality is changing ordinances to be far more restrictive, and I notice a number of houses up for sale that were STRs.  

I am located in Western AustraliaI have been exploring small multi-family properties and flipping houses.

Run the house hacking numbers.

@William Weston You don't have to house hack, but if you could fit your family of 5 in a 3BR unit, would this work: https://www.realtor.com/realestateandhomes-detail/8104-Chesw...?

There are houses that can be lived in and fixed up, or turned into multi-unit spaces (such as terraced houses with converted 'stables' at the back) for living in and earning income at the same time.