Which Tool to Use House Hack or BRRR

[Barbara McArthur]

I'm trying to figure whether or not a house in my neighborhood would be a good buy and hold rental. The house is in good shape. It just needs some wallpaper stripped and a coat of paint (inside). I'd like to move into the house and do the work myself. I don't know if this would be a house hack or a BRRR so I'm not sure how to analyse the deal. It would be owner financing with no money down. The house will need a roof in about 5 years. The owner has bad memories in the house and just doesn't want to think about it any more. Any advice?