If you are looking for cash flow you need to be looking at more C locations because the lower price of entry paired with market rents allows for higher cash flow.

If you’re trying it with property already being publicly  available, the task just became geometrically more difficult with a similarly lower success rate.  

If I make an offer which is contingent upon satisfactory appraisal and inspection, what happens if the appraisal value is lower than what I offered.?

Remember, that the qualification process can take awhile, and the Seller may be prepared to even take a lower price if it means selling the property quicker.  

What do you think are the best markets to invest in outside of TX and CA to get the same appreciation with a lower cost of entry into the market?  

This interest can compound over time, reducing the net cash value available for investment.Restricted Investments: The growth rate of the cash value in a whole life policy is often lower than the average return on real estate investments.

The main "goal" of house hacking is subsidizing or completely eliminating your housing expense through renting out other portions of your home. 

Super high interest but if you're only talking 30 days or less, shouldn't be too expensive. 

Not to mention the emotional toll it takes on a property owner and the aftermath of finally getting your property back then perform expensive repairs.

HI Hernan,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.