The cure to these high interest rates is high cap rates, or higher down.

One of our tenants had a higher water bill due to the leak that has happened because of water heater failure. Who is responsible for the water bill according to NC Landlord Tenant laws. Is it Landlord or tenant? 

As for house-hacking an existing quad, only putting 5% down in this high interest rate environment will almost certainly mean you won't be "living for free" as is the point of house hacking.

This isn't my specialty but just my high level understanding.

All Cash Flow Vehicles High Dividend StocksStock OptionsMortgage NotesReal Estate Debt InvestingLong Term RentalMid Term RentalHigh Yield Savings AccountI had the same amount after I sold off most of my rental properties and paid everything off, now I do all the above. 

I own real estate outside of CA, both in the country and internationally but have chosen to rent in Hermosa Beach due to the high cost to buy a home in coastal southern California.The apartment complex I live in was bought April 1st by an private equity company who gave all the residents a 60 day notice to vacate so they could due a total rehab.   

@Alecia Loveless Also with a good job, doesn’t have to be high paying just has to be consistent and long term.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

Home prices are high here so I'm really leaning towards investing out of state or in a different part of Florida to create cash flow vs. buying a personal residence and starting my savings over from scratch to invest.Don't get me wrong, I really want to buy a place of my own that I can live in but the math is making a bit more sense to me if I invest first.

I highly recommend that you read The ABCs of Real Estate Investing by Ken McElroy.