I finally started to listen to those that were saying house hacking is a good start, so we started making some appointments to check out multi family homes in our area.

When you finish a unit (best around) and determine final rent based on research ask yourself "Would I pay $1550 a month to live here, with my family, with my children, etc?

Finally, I highly recommend that you visit some local real estate investors meetings in the areas you are interested in… talk to the people doing deals there and you will gain great insight into what’s happing and what type of deals are getting done ✔️ Hopefully you find this helpful and I look forward to your message!

On the flip side you can airbnb it and save that capital for the final purchase down the line. * Wrap Around MortgageYou could work with your Mom to create a mortgage on the property that is larger than the currently mortgage amount, say $20k.

A little background:- I live in a semi-rural town in Utah.- I own (and currently reside in) an old 1800s farmhouse on a 1/2 acre lot.- Current mortgage balance is $249k, payment (w/escrow) is about $1488, estimated current value is $360-380k- I am software developer, recently switched from W-2 to 1099, which prevents me from getting a traditional mortgage for 2 years.I have been considering selling my house and potentially moving further south where the climate is a little warmer.

Exterior is brick and it was semi attached.

We started putting offers on houses in Big Sky and after getting under contract after our 11th offer, we finally thought we had one.

I have worked cap x into the final numbers of when both units are remodeled and rented out.

Finally found no-crash car fires.  

Final answer...Take a look at what you are contributing, what your benchmark is making the deal worth your while and what is going to make the investor likely to invest with you again :)