If you are considering working with them, I strongly advise you to double-check the provided rates and terms carefully.During my loan process, I discovered that they had added a yield spread interest without informing me. 

There is also a mix of snowbirds and part-timers from southern states who consider this home.

Second thing would be to work with a contractor, this is great stuff to do since you know building a house, building material costs, and knowledge of right and wrong what to do. 

In many states, this is public information.

Hope this helps?

How did you find this deal and how did you negotiate it?

If I commit to this path, my goal is to generate a net income of $300,000 per year by December 2030.

House hacking can work with an FHA loan, as rental income from other units might help you qualify, but be sure to consult with a lender or mortgage broker to explore flexible options based on your unique situation.Good luck!

You only need a place to track tenant information, payment history, maintenance, etc.

This should have been talked about or done MONTHS AGO.