Needing some direction and advice.

[Shane Hofmann]

I'm a 22 year old based outta North Houston currently. I'm looking to complete my first deal to get into the game. I'm a Carpenter for my day job and have been remodeling houses for 6+ years, so I'm looking for a property that needs work and I can just fix it up myself since I already know how to do all the work saving a bunch of money on labor. Ideally I love the sound of a house hack with a small multi family especially since I have a tenant lined up for whenever I get a place in my sister who will be moving in. My problem is most of the multi family I'm finding on market already either A: have already been remodeled or B: in bad parts of Houston that I don't trust. Which then lead me down to maybe a single family and house hacking it by renting the rooms out individually, but I have no clue if running the numbers of rent by the room is realistic because I have no clue how sustainable that is when I move out to the next property I buy and don't live on the premises. In all my research I've also found out about wholesaling which sounds great in theory but then I have to deal with hard money or private money and I don't know if that's smart as a first time investor idk I just want to make sure I'm making a "good" first deal that will help me into the steps of financial freedom any and all advice is appreciated.

[Brandon Cormier]

In my opinion I would only run the numbers as rent by the room if the numbers work as a regular rental or midterm rental as well. Sure you can do it like that for a few years but as you scale up you may not want to deal with the hassle of renting by the room, and should then rely on the property not losing money as a regular rental. 

I do recommend attending some local real estate meetups to connect with some real estate professionals in your area, joining a bunch of off market groups and connecting with some wholesalers/deal finders in the area.Tell EVERYONE what you're looking to do. That's where you're going to find the type of properties you're looking for