And this debt allows you to actually purchase additional depreciable basis. 

Overall for land purchases, you'll want to make sure it's not wetlands and it's not landlocked.

I am constantly told by investors, particularly new investors that MLS properties are bad investments and they will only purchase "off market" properties.

This way you'd only be looking for financing $895,000 of $1,150,000 purchase price.

As I plan to house hack whatever I purchase, my expenses should be covered by the tenants.

I need help on the lending side for this potential deal...I am negotiating a purchase agreement with a seller carryback of 20-30% as a second-lien position. 

My trust was created and follow the rules of FL, if that makes any differenceI purchased a home and transferred the deed into my trust.

My question is can I purchase a property as a house hack in a different state even if I never actually live in it?

You can have a candid conversation with him to review your financial situation to determine Nathan Green's #2 point about getting your finances in order to be ready to purchase your next investment property regardless of your exit strategy.

"Shadow-anchored," meaning the Target or Costco building isn't included with the purchase, but it shares a parking lot or similar.