To me, when you say house hack, that means buying a property as a primary residence with a low down payment, living in it for a year, and then moving out and renting it.

I secured financing for my first property through a conventional 30-year fixed-rate loan, securing a favorable interest rate for stable and predictable long-term payments.

Feel free to make suggestions that make things easier, better, or generally improve things.MATERIALS:- Floor tile: already purchased (and layout, long edge running from front to back of house).- Wall color: light gray, satin gloss- Trim color: natural white, semi gloss- Trim type: 6" baseboard- Counter: Quartz, eased edge (https://www.lowes.com/l/quartz-countertops.html), $44sqft "A" class, gray--forget the name, or the beige (Tina really needs to go the Lowes and look at all pieces together.- Backsplash: Picked out already.

So I did what everyone said not to do and used every dollar I had on my down payment lol.

Sales price: $900,000Seller finance: $400,000 / 2 year ballon / 7% interest rate / interest only monthly payment: $2,333 / no pre-payment feeEstimated monthly income: $9,300 / Annual: $111,600Electric separated - water $450 per monthProperty taxes: $16,700 (with property value assessed)Property Insurance: $6,300Renovation Repairs $150,000I anticipate the Re-fi appraisal to come in at a conservative $1,150,000. 

Also don’t forget that more than $700 of your mortgage payment is going towards principle.

Sometimes there's an edge. 

And again those are waste of time you dont want to buy these subto or any other way if there is not equity .. at least that was how we did it we want to step into the deal day one with equity so we had exits that did not include cutting a check if we needed to exit.

I was completely wrong about being able to live with other tenants in the city and am really embarrassed and devastated with this situation.I got a lower down payment loan (10%) and good rate for this property with the intention of me living in it but I already know I can’t and am honestly panicking in tears.

The biggest benefit of the house hack is defensive and to save money by having low housing payments.