The loans on a house hack are going to be some of the most favorable ones you can get since it is considered an owner occupied plus you should be able to get a first time buyer bonus of some sort. 

Some lenders will require secondary appraisals, or a desktop appraisal, will want to see some sort of improvement on the property, and may have cash out restrictions. 

I fell in love with the negotiating an chasing deals not to long ago an discovered that's my niche and now I'm here to keep growing an connect with all sorts of amazing people. any advice would be much appreciated, I've been saving and saving an believe I have enough capital to get into one of the strategies, its 35k and house flipping seems right up my alley though the market an fear of not having enough capital is holding me back. any advice thank you!

Should I have the current tenants sign some sort of document taking full responsibility for the family that is moving in?

I remember speaking to someone looking to do this sort of conversion in Scranton before and this is what they said they were coming across in terms of issues.

Mobile homes in Parks are affordable housing as well as MH on private cheap lots in certain parts of the country.. and then of course you have HUGE areas of the mid west and rust belt were you can buy all sorts of houses for 200k and under.. they already exist..

The answer sort of varies on a few factors like are you self-managing, have you had a proper conversation with them over the phone, etc... 

No need to spend all sorts of money on a crazy structure.

After years of sort of cruising on auto-pilot with a single tenant on a long-term lease, we figure it's time to assess the real value of this longtime family investment in case it might be time to sell.

This really hurts the local population as it's derails any sort of capital formation.