The increase in Loan-Level Price Adjustments (LLPAs) and the elimination of recent interest rate reprieves add another layer of complexity to the current market situation.

By buying a house you can rent out one side of (ie. duplex), you can actually eliminate your own rent/mortgage expense by letting your tenant pay it through their rent (by charging more for the rental than it costs to buy the duplex).  

And to eliminate the need to pay your broker a percentage of your wholesale fee. 2.

I close on my first property soon and my plan is to house hack to eliminate the mortgage. 2020 will be the year I take action in not only investing in properties but investing in myself by building my network, doubling down on reading and attending meet-ups and conferences.

I'm thinking that a house hack to eliminate rent, build equity and start a small cash flow there would be a good start.What do you think?

A good property manager will more than pay for themselves in maximizing rents, proactively compating capex through appropriate maintenance and proactively eliminating tenant issues through quality screening practices. 

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.

Eliminate any location where rents or prices did not keep pace with inflation.Metro area population size greater than 1M.

I was hoping to eliminate noise,  not add to it. 

You would be paying both employer and employee taxes on the salary you pay yourself, however, by eliminating the self employment tax, it does end up saving quite a bit. plus, the payroll company (i use ADP) automatically pulls both sides and pays the IRS for me as my paychecks go out, so there is a chunk paid to IRS before its time to do taxes -- when its tax season, a chunk of my amount due has already been paid, which FEELS like a blessing.