My goal is to house hack a multi-family and then move out after 12-18 months when I am able to buy my 2nd property. 2 of the units are under lease agreements. 1 unit is vacant (which I would be living in).  

I am familiar with the first three since I lived in each but not NY although I always wanted to own there and I'm there about 50% of the time (currently live in DC).

Well, excluding the single family home that I am planning to rent out in NC in the next week which started as my primary home, this truly is my first multifamily home purchase with an intent to invest.Now, to answer your question, is it wise?

Renting properties to sober living homes in Colorado involves a combination of understanding local laws, finding the right tenants, and ensuring your property meets the specific needs of a sober living environment.

I am not a PM or attorney, however I have seen other owners just do individual leases for each tenant specifying the room and terms. 

I am "on paper" and considered to be the owner.No rental money will be asked to be paid to me as the family member is paying the mortgage.

I am considering owner finance.

I have done two BRRRs and am still a huge fan of the value adds (working on a 3rd deal flipping it right now) but would say since covid 95%+ of value add deals do not work for any equity creation even the bs wholesalers send out.

@Don KonipolAll 3.I am a fund manager for my company, I personally also own real estate (rentals, land) and invest passively as well.Being the fund manager is what I am always most excited about.

Quote from @Aaron Hartman: I am a small business owner who has been involved with multiple syndicates in the past.