Have you investigated whether zoning allows you to add an additional unit to your property?

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

Better be on the top of your screening game with studios/motel type units.

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.