A lot of time people say they're "doing great" on a house that is just breaking even and they're happy that their vacation home's mortgage is being paid each month. 

This new construction home that I am planning to buy in a big neighborhood, however the street that the house is on backups to a gas station with the gas station being about > 500ft away with about a green belt of more than 50ft in between.

But I do want to add my reasoning on my way.Here is what most people don't understand when it comes to credibility.If bill gates wants to buy your house... will you ask him for a proof of funds?

I'm thinking to house hack or do a 2, 3 or 4 plex where I live in one of the units. 

@Casey Hampton your local Housing Commissions should have websites that you can use to educate yourself.If you want someone to spoon-feed you, there are several S8 "gurus" that will charge you to basically summarize what you can learn on your own.

If you are single or a couple agreeing to go on a house-hacking journey together, you probably want to maximize your mortgage paydown or make a small amount of cash flow.

My girlfriend has a house with about $500k in equity and divorced a few years ago.

I was excited because the basement needed an egress window and I was viewing it as a potential additional room and house hack and future rental possibility. 

They have a house with an in-law apartment (essentially a 2-unit MFH) that needs some work.

During the 1970s, my grandfather bought two land plots on the Jersey Shore and built a house on each for $5-$10K.