I'm actively searching for my first house hacking opportunity.

Reporting K-1s are simple depending on the Activity of the entity.

Hey @Cory O'Dell ,Impressive, this the first time I've ever heard of a buyer being allowed to buy with FHA loan and not actively live in the property due to military circumstances.Would you be able to get a VA loan later on if you start out with FHA on property #1 and then VA on property #2 1+ years later?

Getting it zoned as a tri might work, but I’d play it safe and run numbers as a duplex.

But, I gotta play by their rules. 

I'm not sure how that plays out to post those both at the same time. 

I am blown away by how active and welcome this community is.

The house also has an attached in-law apartment and a 12'x12' stone cottage that we do plan to use for a bit of AirBNB and SRT house hacking.We are also starting to actively look for small flips and BRRRR's in South and Central Maine. 

.- If we buy a couple thousand acres of ranch land, but want to turn it into a wind or solar farm, how quickly does the land need to become active with the actual farming of natural resources?

So based off this is it possible to show how a cap rate of 8 would mathematically play out?