dependent on your level of risk. depends on state fees as well.

On top of that, as has also been mentioned, it'll never truly be "mailbox money" because you do still need to manage your property managers, especially when it comes to capital expenditures.My personal investment forte is 2-4 unit buildings, and in my opinion they are by far the best asset class for new investors.

Then create the lease and include copy of the unit condition move in inspection (completed by you and signed).

It seems like every town I look in has such strict regulations where you need to owner occupy your unit. 

But this obviously depends on the lender  Assuming its a 1-4 Unit

OK, yes house hacking means you are living there and renting additional rooms or units from under the same roof.

I wouldn't do any renos or upgrades while they are occupying the unit-wait for a turn over. 

My name is Francisco, I'm really interested getting into Commercial Multi Family (5+ unit).

Bought a 1,000 sq ft rental unit about 4 years ago and put 20% ish down.

That is what I did to start investing and buy my first rental unit if you have any questions on different strategies or want to go over your thought process let me know I would be happy to answer any questions for you.