Questions about househacking

[Chris Hayes]

My goal is to buy a duplex/tri/quad in the Oklahoma City area by November to start househacking to begin my real estate. I have a couple questions for those who took this route. Would or did you get a duplex even if you needed to pay some of the mortgage each month; say 100 or 200, because the rent your tenant is paying won't cover the cost? When living next to your tenant, did you let them know you were the owner of the property and landlord or did you set it up so that they don't know? I'll probably have some more as this unfolds.

[Chris Hayes]

The lease at my apartment is up in November and I would prefer to not break the lease and potentially have to dish out thousands of dollars if the unit isn't filled. A little bit a of a background. I have about 20,000 saved up, credit is about 770, and my only real debt is my 230 a month car payment. By November I hope to have 25-28K saved up. By househacking I want to accelerate my savings by getting the 700 a month rent monkey off my back, pay off my car loan early, thus increasing my savings even further and then go on to buy other rental properties.