If you're house hacking or screening Section 8 tenants it doesn't apply.

Tell the loan officer what you plan to do, what type of down payment you have, and what kind of loan you want (conventional, FHA/203k (house hack) etc.).

To all active military and veterans out here on BP. Has anyone purchased a small multifamily unit using the VA home loan? Kindly share your outcomes. Thank you.

This is not a terrible result of a house hack.

Account Closed, How flexible are you with your house hacking criteria?

I’m moving into a SFH w/ADU in East Austin soon and will start looking for a duplex to house hack shortly after.

Depends on what your strategy is... if you are house hacking then you will not be using an LLC since you will take advantage of a FHA loan with a small down payment... if you are doing a buy and hold then having it all in an LLC is beneficial to mitigate some liability. 

I am looking to buy my next rental property, even though I’m young there’s ambition and a realization that house hacking is legit.

Read this book... https://www.biggerpockets.com/store/house-hacking-ultimate

@Austin HefnerNice work man, I’m working on closing on my first House Hack deal for a Duplex in Detroit myself!