House-hacking in a multi-family unit is one strategy I wish I had been aware of when I chose to purchase my first property. The property was my primary residence for a decade and now functions as rental unit so I am happy with the purchase overall and it has worked out well. However, if I had started off with a house hack, I could have lower my monthly mortgage tremendously which would have helped me build up my savings at a much quicker pace than I had. I am currently house-hacking in a new property where the rental revenue is able to cover the full mortgage and then some. This is a great strategy to use for beginners who want to get a foot in the door of investing while also learning crucial skills just as tenant management.
I actually new the strategy but I wanted to just do flips instead.
If I could go back in time, I would've done an FHA loan and got into that 5-plex in riverside and live in the smallest unit while renting the 4 larger ones out lol.
A little too late to go back and do that but everything worked out in the end!