Jaylin, Great work on those two properties, can you describe how these house hacks functioned for you and how you were able to procure the deal, house hack, and make it into an investment?

In this scenario you'd bring in no money to the deal other than your documented income, credit, and promise to hereby pay on time.Some DPA programs are only allowed on 1-2 units so if you're house hacking a fourplex you might have to go with the standard FHA or 203k (if you're in need of cosmetic repairs 203k streamline or the overhaul of rehabs with a standard 203k FHA program).We've never experienced a lender we work with that required cash reserves on a FHA loan other than in specific circumstances like with a fourplex (min 3 months) or if you're under 600 fico some lenders add on an overlay which requires some reserves but overall in 95% of FHA situations there are no cash reserves required that I've seen over the last 15 years.I've personally house hacked over 4 properties (condo, townhome, 2 fourplexes) and the xperience you're gain from them and managing your own tenants will definitely help ease you into rental game.

House hacking a 4-plex is a fantastic first move, but keep in mind you’ll likely need a full-time job lined up to qualify for a mortgage.

Let’s hear some good stories about how you got into real estate with house hacking and how did you level up from your first house hack?

If you're house hacking, I'm guessing you're working with a lower down payment—which is totally fine and often the smartest way to start.

What do you mean by house hacking?

I live in CA and I am also interested if I should try house hacking here. 

,We house hack in Boise with a MTR basement ADU downstair and its a good question — definitely some nuance here.

Househacking 2nd floor and working to make the 3rd floor conform.

If you use the same lender and have a relationship, they will probably let you use equity in the house as a "down payment" but if you put 3.5% down on an FHA loan, you likely will not have that much equity, so you will need a considerable amount of cash out of pocket to "take over" the loan.