i would be purchasing the property with an FHA loan. and im also looking for solid cashflow + long term holding I think house hacking is great way to get started, especially here in SC so you can take advantage of the lower tax rate.

I noticed the CMHA fair market rent is showing $2,300 for a 3 bedroom in the 44122 zipcode. https://www.cmha.net/housing/landlords/rent.php Anyone know how accurate are these rental rates on their website and what one can expect to collect?

Wait for first few fed rate cuts and refinance to purchase the next property, and onwards.

@Sean HaleyOut of curiosity why would you sell a home at lower interest rates than market rate?

Hey Yona, Columbus offer a great balance between affordability and rental rates.

I actually had to get enough units where I could offer tenants multiple housing options when I purchased properties rented at way under market rates and then (an embarassing number of times) personally watch tenants that would "suffer" from a rent increase turn down smaller (but nicer places) or  nicer places in a less prestigious zip code (sometimes only minutes away) before I realized that I was hampering my ability to earn a living in order to subsidize the lifestyle choices made by a some random stranger that happened to live in a property I bought.

Volatile interest rates today due to the consumer inflation index report.

How's the vacancy rates in NPR ?

Would it be pro-rated a t all if she were to sell a few months before hitting the 2 year mark?

My property would rent out for a standard long term rate of $2300-2500 a month.