You will need some skin in the game to do a house hack. 

And again unless you're going to put some of your own skin in the game, you probably won't find a lender.Happy Halloween!

Don’t get stuck on sideline too long – likely will be a 10-15% reduction, not a 50% reduction like 08-09Reasons why:Total market leverage was just 42% of mortgaged homes’ values — the lowest number on record.Wall Street has shifted from debt to equity in real estate and have thousands of homes fully paid for that they will sit on - huge ballast to home pricesLast 5+ years investors have had to put down 20%+ down payments and have a lot of skin in the game with current portfolio- not willing to walk away from thatAll of those loans are at 3-5% and only those who truly HAVE to sell will - everyone else will just waitHistoric lows in mortgage balances overdue, with loans 90 days past due pegged at just 0.5%.

My purpose is so that they have "Skin in the Game"  and are not a flight risk and treat the property like I would own it. 

With no money and no credit history could pose some difficulty.

In less popular markets, B properties may sell for less, but you may also have a lower chance of appreciation and/or more difficulty placing tenants. 

I have called several hard money lenders and all require “skin in the game” and being that I have no capital yet, hard money isn’t an option.. not yet anyways!

But it is far from the nearest urban area, and so I feel like feeling the vacancies-- especially in the first couple of years-- would be fairly difficult. I

I live in Long Island, NY area and I was wondering how difficult is to buy duplex single family homes that needs rehab or is foreclosed and convert them to multi family.

Are there any difficulties that are introduced because they have been served a default notice?