House hacking: living in a property for a year.

[Mike Tiderington]

Hello was wondering if I could get some insight from someone with more experience than me. I am planning on buying a property to live in for a year and than turn it into a rental property. Do I need to analyze this differently than just running my numbers for a normal investment property? Any advice would be appreciated. Thanks! 

[Tanner Pile]

@Mike Tiderington

Run your numbers based off what it would look like as a full rental property. (long term, mid term, or short term) and run the numbers with out generating any income from the bedroom or unit you will be living in. 

This will give you an idea if this will still break even with out you living in it. Also, what are your goals for how much you plan to pay while living in the property. My goal is always to pay lower than what rent in that area would be or lower than what I am previously paying in rent.