Back a couple of hundred years ago when I was dealing in SFR, I bought a couple tons of houses with 90% seller loan carry back at ZERO interest on the loans!  

What does your local housing market look like, what do houses sell for and try to understand why. 

I’d strongly recommend house hacking if you can afford your local market.

House needs at least 70%rehab. 

Now, I also thought, "Since the house is smaller then at least my mistakes will be smaller" and that was enough for me. 

That means an open house has a 96-98% chance of NOT selling.  

The rest would be our in house hybrid, bank statement, or standard conventional lending products. 

So, I have this 3400 SF house I am trying to rent out. - All utilities included (except internet, water, and pellets for the pellet stove)- Comes with private sauna- Comes with Private Gym- Comes with shared in ground swimming pool- Comes with wrap around porch- Comes with jetted soaking tub in the primary bathroom.- Partially furnished (everything except living room and primary bedroom)- Comes with property managementTo put it bluntly, the rent being charged is higher than your average consumer can afford... $6,500/month to be exact.When I think of who might be able to afford a rental like this.

If my calculations are right, I should have around $20,000 saved by the time I’m ready to buy, which should make a small multifamily possible using a low down-payment loan.I might house hack if I end up in a cheaper market, but there’s also a chance I stay in my current state and manage the property from afar.

I did it again because I ended up turning a house that was 32k auction find into a 260k appraisal.