Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.

Next question.... will you self-manage it, or turn it over to a professional management company, or some type of hybrid? 

Finding trademen and contractors is much tougher if you're self-managing.

Personally, I self manage but have built systems to allow it to be fully remote and very passive.

I have one rental property that I have been self managing for about 10 years but I'm looking to exploring and potentially doing my first Flip this year. 

A good ballpark is $1,000–$2,500 per unit, but this depends heavily on how extensive the turnover is and whether you’re self-managing or hiring contractors.If you’re looking for more precision, connecting with local property managers or contractors can provide insight into typical costs for properties like yours in the area.

You can also check out a group on Facebook with other investor like your self called Yellowbird.

@Travis Biziorek: self management isn't something that we're willing to undertake. 

We live in San Diego so would be long-distance, TBD if we self-manage or enlist a PM. 

I am passionate about Tiny Homes, I started just by helping more people with creative floorplans by self teaching myself CAD design so I could help more families.