We would ideally like to house hack and purchase a multi family home, but again the inventory is extremely low to non existent.

Good resources to review Zillow or Redfin to look at inventory that is funneled from the MLS or you can reach out to local agents who have some off market inventory that would match your needs but would take a bit more time. 

Happy investing I work with people all across the country still finding and buying deals although numbers are down as inventory has contracted big.

Inventory is nowhere near keeping pace. 

Or somewhere in between...In our market we have about half the inventory we should.

Development of new homes is so costly that it makes it challenging to create new inventory.

Reason being, driving through my neighborhoods of interest, I see a lot of potential and looking at sites like Zillow show me that on market inventory is low and home prices have definitely increased.

Right now the inventory is so low both homes for sale and rentals, that ut make lot of sense of diving in.

Inventory is very very low. 

I clicked on the Memphis market but you didn’t have much inventory at the moment.