I don't know if that's helpful - I did not have a "rock solid" financial position at first - I took a shot on what I believed to be the best odds of success with my house-hack as soon as I thought the odds were in my favor to a significant degree.

Refi 75% of ARV for next dealMy first shot analyzing a deal in my county:$65k out of my pocket (43 for the house, 22 for rehab)Estimated $90k ARV= $67,500 cash return (assuming I pull out 75% equity)I receive about $850/mo from rent based on compsHELOC= $393/mo payment to bank (4.2% interest)$85/mo to property manager Meaning I gross approx $372/mo Zip code is 31904.

My second event i went on Craigslist to find an ad came across an ad saying Become a real estate investor earn while you learn, thought i give it a shot this guy was telling me about Renatus and great mentors they had he invited me to a meeting in south jersey on a Thursday night to watch a guy name scott rowe who has made millions of dollars off real estate education, before i went i had to research what renatus was and who these people the guy was telling me about needless to say i was skeptical about rowe and this guy name brian meara they said he does shortsales and i ask the guy who invited me what shortsale was and he said the host will tell me, sounded like he didnt know what it was either, for the most part all he said was that this was an opportunity of a life time, wasn't sold on that either so i sat there for about an hour and 20 minutes listening to scott say he was from Chicago show me picture of  his community a pie chart how to get into renatus how to pay for very expensive education how to get the money blah blah blah caught in quick that this was an mlm meetup.

I just don't see very many here in and around the Kansas City area that have any built-in equity from the jump; so, in general, if you're cool with having cashflow over equity and have a very long-term strategy, AND you have plenty of liquid capital in reserves for incidentals and such then by all means, give it a shot!

Good luck finding anyone that will allow you to do it but it’s worth a shot I suppose.

This alone should be more than enough to put me into a loaded position to take the next shot I see on a good deal!

Be kind, fix issues and you have a shot at a life long tenant. 35k at the rent numbers you provided is a 2% deal.

I know you posted this 4 years ago, but I figure I'd give it a shot!

Owner occupants get the first shot before investors. 

I mentioned House Hacking in the past and was immediately shot down.