This is a common argument on this forum (Interest vs.

Here are some things to keep in mind:1) Make sure you’re running truly conservative numbers - assume higher vacancies, real repair and CapEx costs, rising taxes and insurance, and rents that are realistic, not just what makes the deal look good on paper. 2) Take the time to learn local zoning, rent regulations, and code rules before you ever make an offer, especially around NYC where non-conforming or illegal units are super common and can completely derail a house hack.3) Talk to a few investor-savvy lenders early and really understand your low-down-payment options (FHA, conventional owner-occupied, grants, assistance programs) so financing doesn’t slow you down once you find a deal. 4) And finally, build relationships with an investor-friendly agent, a CPA who works with rentals, and ideally a mentor who’s just a few steps ahead of you.

Also depending on if the lender sells off the loans at closing to an investor pool for new cash for more loans (common in the DSCR space), then the investor pool is asking for higher rates to buy these lower balance loans.

It is luxury sized compared to their school housing situation.   3 br, 3 bathroom, ~1350’ small dedicated outdoor space and a nice common space for 4 people (rent is $4500 (Point Loma)).house hacking means you are not paying rent.  

• Common pitfalls or risks I should be watching for?

There isn't any info about the margin of error with the survey or any real info about the data collection. 

What you’re describing is common, and it usually comes down to how the screening data is sourced and verified.Not all background checks are the same.

Prohibited transactions remain the most common source of SDIRA compliance failures.

In addition I found these common misconceptions by investors about purchasing existing notes 1.

Flip side of that coin, it's an all too common story of getting into something less then ideal because it's what closest was secured.