I will use the rent by room strategy for a year, then move out and lease the condo under 1 lease.Does anyone have any advice about condo hacking, or can anyone describe their personal experience?

And the rules are quite relaxed. 

Quote from @David Edwards: PadSplit host in Houston here, my experience has been good thus far.

Neals learning experience.

Quote from @Najhae Robinson: Hello, we run a PadSplit property management company in Atlanta, GA and we're curious on other investors experiences with the business model.

I thought I'd post about my experience. 

The hope is to build experience and open more doors in the future for new builds.I also just had lunch with a banker on Friday who said they have been opening up and relaxing on real estate again…for everything except non-owner occupied construction - that is still a no go for them.

If you are looking for a relaxed atmosphere to find answers to any questions you have about real estate investing I invite you to join our Meetup.com group Colorado Springs Real Estate Investing Club! 

I have heard both the good and the bad sides of investing out of state and so I am curious to know what other's experience has been? 

I have a vast degree of experience in section 8 rentals myself.