That seems like a lot to budget from the monthly rent.

The ARV would be 780K at a 8% cap rate and I'd have a government contract to rent the units out to vetrans.

It does not seem house hacking is possible in this market without renting out spare bed rooms (which is not an option).

Hi, I am new to real estate and I bought a house recently and planning to house hack by renting the basement out while I live in the house for a year or 2 and then move out and rent the whole house.

The general rule of thumb for single-family rentals is the 50% Rule: that half of the rent will go to non-mortgage expenses.

From there, I would house hack - rent as many rooms in the house as you are able to. 

I read last year you could rent out as STR for up to 90 days, but sounds like DC has eliminated that STR option this Febuary?!

With any house-hack comes some sacrifices as well: factors such as location, value-add vs turnkey, size, rent to price ratio, short-term vs mid-term vs long-term renting, and your ability to jump into the next one quickly all depend on you as the buyer. 

Use house hacking to save on rent and grow your wealth.

Put 5% down, maxed out 3% credits, got an additional $3,000 out of inspection items, rolled commission into deal, after all of that and prorated rents we only came out of pocket $2,000 for the acquisition.