House hacking is the best way to get started in real estate investing, here is why:-Low cost of entry - FHA loans require a minimum of 3.5% down-Favorable interests rates - you can get locked in at a 4% rate with an FHA loan in today's market- Renovation work can be deferred in the unit you are living in (assuming you do not mind living in a unit with ongoing work) - this is beneficial for your cash flow as you can spread out expenses and it's beneficial as it reduces the pressure from deadlines.

You're giving them up to 82.5% of any future appreciation in exchange for them "loaning you money." that's a rotten deal and hugely in their favor.

Then after all of that, if appreciation works out in your favor then that is just a bonus or the icing on top of the cake. 

that's not a real lender  there is NO HARD MONEY at 6.5% you have run into a fake lenderdo yourself a favor and pop on to Lendinghomes  website and look at their pricing matrix.. its very good look at your experience level and then see what the rate is .. that is what is normal in the markets today..

With the tax code capping deductions of state and local taxes at $10,000 and instating a $750,000 limit on deductible mortgage debt, homebuyers and potential homebuyers are fleeing high tax areas, such as New York, Chicago, Denver and Washington, in favor of places like Florida where there is no state income tax.Recent data shows that the home market could be on the rebound.

Do yourself a favor and don't turn a wonderful business into a "close your eyes and roll the dice" gamble.Good luck.

I have found a few things I can invest in as a non accredited investor which have done well for me but from what I have seen the offerings open to accredited investors typically have more favorable terms. 

Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

Can usually be fixed fairly easily and use in your favor to negotiate lower price - when I do home inspection I make seller think house about to fall down!

Hope this little bit of info helps.My exposure to real estate is through REIT's because I live in the NYC area and I don't like the idea of spending a gazillion dollars for a building with paltry cash flow and laws that are waaay too in favor of the tenant.