I made enough mistakes to cause enough pain so that I crawled into a corner and curled up in the fetal position for 30 years.

You should be able to learn from their mistakes and avoid them.Can you buy a 2-4 family, live in one unit and rent out the others?

I started house hacking at 22 and this is what I've learned, my mistakes, and what I regret: https://www.biggerpockets.com/forums/922/topics/1133476-hous...

. - Sponsor learns from mistakes.

Semi unrelated, but being in the biz for over a decade and doing $200M+ in transactions, I've got to tell you guys, Doctors are some of the worst business people out there.

The biggest mistake new investors make is to walk a property, maybe explain in general terms what they want and then let the contractor come up with the SoW.For a bedroom this could be:- replace carpet- repair closet dooror- remove carpet- remove curtains, nails and screws- replace closet doors, entry door SKU#- replace window SKU#- refinish hardwood floors 144 sqft, clear/oil-based- prep and paint all woodwork- patch walls, texture, paint walls eggshell white clay, ceiling flat white- replace light fixture SKU#, replace lightswitch w decora/white, replace 3 outlets&covers- install blinds SKU#Obviously, the cost would be quite different.

You are about to learn the hard way (if you had not posted in here), that you are making a mistake with your strategy!

Go buy the worst house in a great A neighborhood that you can ADU or fix up.  

It should really help you avoid a lot of mistakes other out of state investors make here.

Once they realize the mistake they made they’re too embarrassed to acknowledge this openly so you mainly hear about the cheerful student  “success” stories which the next wave of naive victims rely on.