We living in Rhode Island and the market has slim pickings, there are currently 8 multi families for sale in the whole state.

Your first photo should always showcase the most used space of your property like a living room.

Conventional loan - this was a house hack so I purchased as a primary residence and then rehabbed it while living in the property with 2 kids during COVID 🏗️👨‍👩‍👧‍👦🔨🚧 How did you add value to the deal?

Over the span of 5 years you will have paid $77,220 towards rent.However, you're $22,500 downpayment invested into the S&P index fund at our assumed rate of 10.13% compounded annually will be worth $36,236.48Leaving you a net living cost of $36,236.48 - $77,200 = ($40,963.52)Overall numbers after 5 years of house hacking:Expenses include: Principal, Interest, Taxes, Insurance, Repairs/Maintenance, and Private Mortgage Insurance.You will have paid $164,239.76 towards your principal and interestYou will have paid an estimated $20,914 in property taxes and insuranceYou will have paid $5,400 in private mortgage insuranceYou will have paid an estimated $10,859 towards repairs and maintenanceFor a total expense of: $164,239.76 + $20,914 + $5,400 + $10,859 = $201,412.76However, here are the positives to your net worth: Appreciation, Loan Paydown, Rent payments from TenantsYou're home will have appreciated to an estimated value of 560,7812 an increase of $110,782You will have paid down your loan by $26,742Your tenants will have paid $154,439 in total rentThe total benefits add up to: $110,781.87 + $26,742 + $154,439 = $291,962.87House Hacking net worth boosters minus expenses = $291,962.87 - $201,412.76 = $90,550.11(The home equity for year five is calculated using the downpayment + appreciation + loan paydown)House Hacking Vs RentingHouse Hacking net worth after 5 years: $90,550.11Renting net worth after 5 years: ($40,963.52)Leaving you a net worth benefit of $90,550.11 - ($40,963.52) = $131,513.63Here is a screenshot from our calculator on the difference in monthly payments between Renting vs House HackingThe winner is clear.

🌆I Own Investment Properties but I Still Rent -- Maybe you've chosen to rent in a major metro because you want to live there, but got started investing out of state.

I also live in KC and have 4 flips going too. 

Do I have to live there in the home for a certain period before applying? 

(Side note I do live in a small town so may have to look in the larger city of Columbus which is an hour away, I've even thought of buying a home and offering it to a full time employee to move to this area but not sure if that would just create more headaches in the long run)

He's based out of Boiling Springs, but lives in Greenville.https://www.benmasoninsurance.com/

Reality is that repurposing a tin can into living space is expensive.