My plan is to live in it for 1-2 years while house hacking one of the bedrooms.

Bought a used stove recently bc the tenant's kid kept breaking the plastic handle on hers and the metal handle ones are way more expensive. 

I would prefer not to be a landlord, especially since I live 2 hrs away in NY, but it is technically doable.

@Jonathan Greene I have family that lives in Mississippi and I go out there or at least plan to go out there twice a year.

How does this work for the other co-owner of the property that does not live here as a primary residence? 

We want to buy a multi family of 2-3 units and house hack by living in one and renting out the other one or two units. 

the areas that I’m familiar with in Michigan are very expensive and I wouldn’t be able to afford too much more of another mortgage.

Jealous that you live so close to it!

About $200,000 in annual income from the two and about $10,700 on average in expenses from them.

And spend my time working on the things I'm good at.I think they ARE valuable to have, especially if you're looking to raise private money   We live in a digital world now and anything you can do to set yourself apart can't hurt!