@Shervin Esfahani I don't have direct experience building them myself, but I have some exposure to SRO uses and applying them to new builds. 

Hello, Is it possible to take the house hacking principles used with small multi families and apply it to a single family residential home?

I am with you John, the 1% rule doesn't apply anymore as the interest rates are so low. 

Running a business is looking at margins and expense ratios, same applies for the costs here. 

They already have onsite management and would appear to be subject to any local/state requirements that apply to operating an apartment complex of the applicable size.Assuming they would be interested in owning additional units in the same complex they just acquired, is there any reason why they generally wouldn't be willing to pay the equivalent price per unit that they just paid a month ago for the rest of the complex?

Would this still apply if this is my first home? 

I understand the limits applied by Fannie Mae, but just for diversification purposes would it be wise to start looking at a different bank?

Although the market is slightly different I think the same principles apply - here it's 5% down payment for primary residence and 20% for buy-to-let.

So if you are not cash flowing now, you very likely will in a year or two ESPECIALLY if willing to put some sweat equity, creativity, a bit of money & time.Advice from other areas doesn't apply here so well - we are almost a different country with different concentration of realtors; investors; and CASH buyers (either 1st or 2nd in the country - consistently).As you stated yourself, almost everyone knows they are sitting on gold...

I have personally been asked this when applying for rentals.