So... the definition of a house hack, I guess.

You can make house hacking work anywhere, really.

It's running a business NOT renting a house.  

Have been talking about getting into real estate investing for the last 2-3 years and finally pulled the trigger on a 3 unit house hack in Soulard that will be closing later this month and will be self-managing the property.I'm trying to network a bit with other investors, build a solid team of contractors / handymen, and set my systems up in way to scale, but also so my tenants have a good experience.

You can pick up houses cheap in the area but there is not a lot of appreciation.

If the house is under water with the OCWEN mortgage, then approach the mortgage holder about a short sale. 

I personally am interested in creating a long-term rental portfolio but I'd be interested in hearing any strategy, ie. house flipping, short term rentals etc.

I posted a Youtube video on this if anyone wants to know actual procedures and costs.Gotta order and pay for Phase I, ALTA survey, EM deposit, review PSA, etc.

Learned a $60,000 lesson this way on my first house.

Is the closet on an exterior wall where it's cooler than the rest of the house?