Extremely helpful.

As I begin, I’m extremely fascinated with multi family units and house hacking.

Would love some tips when it comes to pulling the trigger and buying that first property.

We have been saving for some time now and are ready to pull the trigger on the right deal.

I should add, for any American readers that properties meeting the 1% rule in my area are extremely rare.My question is what can I do, in terms of refinancing or otherwise to decrease my monthly mortgage payments to a level where I can gain a cashflow on this property?

And if there isn’t an extremely high level of certainty in the plan to remove it I wouldn’t even consider it.

one caveat: this rule is extremely hard to implement on mls listings. it won't hurt making these offers, but unless your agent is investor-friendly, you'll likely get fired as a client. 

@Ruel Baliong Seller financed deals can be a great option, but in my experience good SF deals are few and far between, if you see one that you can make sense of my advice would be to move extremely fast as there are many people interested in the same strategy, and it seems the demand for such properties may be increasing.

If the income is scattered to the winds all over the place on your taxes, and none of it is current permanent W2 type income, that would be the other extreme, you're probably stuck for now.

., pocket listings) does a disservice to the seller.With extremely rare exceptions, (like a celebrity not wanting their information made public), these all seem like pretty reasonable assumptions.