Their credit check revealed a low credit score which I will accept with double the security deposit.

In mid 2016 my wife and our family had bought a very small 2 bedroom 1 bath and rehabbed it before we moved in, after the rehab and a years time we had around 100k in equity sitting there, sooo we went ahead and began the process to refi cash out 80k.This moved us on to the deal finding.

It was a bedroom & a small den.

I had a renter who set their lampshade on fire in one of the bedrooms.

The property has been recently renovated and is for student rentals as they're single bedroom units.I've yet to find a property worth pursuing based on my investment profile and have spent a lot of time learning about real estate investing from an investor's perspective.

You basically have a mini apartment. 

No insurance company I talked to would double insure the property.

At that time the neighborhood was pretty sketchy, c- minis on a good day.

--Question--To reduce my housing costs to $0 or cashflow positive I have come up with two potential scenarios....Scenario 1:Move into a two bedroom apartment in Manhattan and rent the extra bedroom to break even on my monthly living costs. 

It's a 6-bedroom with a pool.