House hacking or live n flip
Hey BP fam, I have a fairly simple question. I've gotten a bit confused on some terminology. I've been self educating for the past year, and now ready to attack my first house hack. If that's what you call what I'm doing. So I know house hacking you can buy multifamily rent out the additional units or single family and rent out extra rooms. Ideally I'd purchase a duplex but they're hard to come across in my market at the moment and with Covid my wife would adamantly disagree with having roommates in a SFR. With all that being said, if I bought a SFR just to live in with my family then move and rent it after a year is this still considered a house hack or live n flip? I plan on holding it as a long term rental.