I'm a house hacker too, message me if you want to connect 

I still have one house with some existing K&T.

When I tried selling that house in 2014 there was just not enough users, 2018 maybe a lot easier to do.

It was the Peak Housing Reit by the Peak Group for those interested.

Quote from @Tyler Garza: Deal :Duplex Home2 beds / unit2 baths / unit3,000 sqftAsking 300k60k downEst rent/yr - 31,2005% Vacancy20% Op ExpenseMortgage 240k assuming 7%Results: CF - 6,600Cocr - 11%Cap - 8%Looking at this for a buy and hold and trying to determine if I am analyzing this right@Tyler Garza I can get to your COC of 11% and cap rate of 8%, but since I don't know your loan payment or amort, I'm not sure how you got to CF of $6,600 - I'm getting arond $4,600.And a couple of things jump out at me with your assumptions versus most of my CFO clients: 1) a 5% vacancy rate and 20% Op exp margin seem a little low, 2) an LTV of 80% LTV (with a 7% interest rate) seems high unless you're house hacking, 3) Depending on the location of the property, the $1,300/month/unit rent may be low.

They still own the house though.

I only have 1 property under my belt and am currently house hacking my SFH.

Now, are you planning to house-hack and live in one unit, or going full rental?

If the house is older than 15 years old and an ADU is added, it can become rent controlled.

Granted, I am a part-time flipper, but most houses I see the pricing does not make sense for what I have to pay for labor.