Househacking refers to the practice of purchasing a one- to four-unit property, living in one and renting the other(s) out.  Your tenants will cover many of your housing expenses for you.

 

It's definitely not for everyone, but if you're interested in exploring this option, my friends at the Bigger Pockets web site have put together a great introductory guide to the subject.  

 

 

Here's how the numbers might work, based on an typical price for a 2- or 3-family property in Manchester, assuming 2-bedroom units at conservative rents: