Hi Luke,It looks like you are in a great position to buy with 220k.

In reviewing past forum posts, RentalHero and REI Hub have many positive comments.  

@Akinbowale AjiboyeMost lenders will not lend in second position, and the ones that do are usually going to require a much higher return than 2%-5%.

In your position, maybe starting by communicating your ideas to the 3 siblings tied to the property would be a good place to start?

The goal of house-hacking is not to have positive cashflow but to live free or close to free while your property appreciates in a nice part of town.

In addition, people generally plan to have modestly lower income in retirement and pay a bit less taxes.

hello -  asking for recommendations on where to find 1st position non-performing notes for SFR's, any state. 

I own a duplex in Ingleside SF with positive cashflow.2) Buy in an undervalued area that is expected to grow in the future.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If it comes in at 8 I credit back and if it comes in at 12 I will bill additional.