Hi Michael,I would start by reading JScott's Book on Estimating Rehab Costs to learn the basics.

I am closer to understanding the basics of the different RE investing strategies, and have determined house hacking is the one I will begin with.

good deals are not easy to find. if they were, everyone would buy them. just keep looking and don't forget the basics. you're also in a HCOL area.

Quote from @Chaim Mal: Hi all , my strategy is basically finding areas that are dense in population in a good neighborhood and have a demand for rentals and have cash flow.

Instead, think about:JV or equity partners — someone funds the deal, you handle the restPrivate lenders — short-term money from your network (even at 8–10%) could still work if the numbers are solidHELOC or cash-out from another property if you’ve got any equity to tapBorrowing for the down payment means you're basically paying interest twice — on the loan and on the DSCR — which eats up your return.

And the trustee could see that the chapter 11 was not sincere so they basically took everything and are liquidating the assets through auctions.  

(3) There is also the argument from many who says molds are basically everywhere and there is no link between mold and sickness some claimed to be mold induced. 

Even if you use a lawyer a basic knowledge will help you work better with your attorney and probably save some money. 

@Jarred Cline im not a financial planner, I don't eve really have enough context to direct you, but I can tell you from personal experience when I was young, and in the corporate world I basically cashed in one of my first 401Ks to purchase our first home. 

You’re basically running a hospitality biz with guests, cleaners, constant turnover.