I would want to make sure that I was covered in the event someone got hurt on the property.

@Joshua Postthere are lots of things you can do:-talk to a lender to find out how much you can borrow-find an agent and go look at 50 potential house hacks-reduce your expenses so you can save more each month-go to all of the local REIA meetings and find out what the other investors are doingjust because you haven't bought something does not mean you are in analysis paralysis.  

Most people looking to rent 3 or more bedrooms prefer a yard which means your pool of potential renters will be smaller.For SFRs stick with 3 or more bedrooms.  

Any insights or advice you can provide would be incredibly helpful as I navigate this potential investment.Thank you very much for considering my request.

However, it's crucial to differentiate between capital improvements, which can affect your tax situation and potential interest deductibility, and mere repairs or maintenance, which do not.Furthermore, the mortgage interest deduction is capped at interest on up to $750,000 of debt, a threshold that encompasses both your primary mortgage and any additional secured loans.

My wife and I are pre-approved for a home and have been considering house-hacking a multifamily in the Poughkeepsie area; potentially focusing on medium term rentals for traveling nurses.

-Consider offering incentives or concessions if offers are not being submitted.Tax Planning:-Understand tax implications and consult with a tax professional.Pre-Sale Inspections:-Conduct inspections to address potential issues beforehand.Remember that every real estate market is unique, and the effectiveness of these strategies may vary.

I am particularly interested in neighborhoods with strong potential for growth, rental income, and community revitalization.I am open to various possibilities and eager to hear your perspective on these and other up-and-coming areas.

But, it is very important that borrowers give all the information to a potential lender so the correct program is quoted. 

If so, would this be harder to sell to potential buyers?