great idea...i should be more specific on the terms with what i plan to rent to see what can be worked out by the lender

I have 20k saved and plan to use an FHA 203K loan and house hack to net zero/cash flow minimally on my first investment.

Current plan: working W-2 job around 140-160k/year.

If the tenants are willing to discuss a payment plan or move-out arrangement, consider exploring these options to reach a mutually acceptable resolution.6. 

we don't plan to sell the 2nd lot, at least not as soon   there were costs involved in buying the lot as well - where would they go?

I have started to develop my plan and know I want to House Hack a small multifamily property as my first investment.

.💫 My plan is to invest into a duplex or a single family house with existing ADU.🏠 I got interested in real estate investing after listening to financial independence podcasts a few years ago. 

Most (but not all) plans allow you to do it but check with your plan administrator before pursuing this route.

Hey Stephanie, that sounds like a great plan, and I can absolutely relate!

Due to the current high interest rates and prices, many investors are choosing to increase their down payment to ensure a positive cash flow even in the not so "nice" areas and plan to refinance in the future.