@Michele RichardChicago neighborhoods and suburbs are ideal for rental properties and Building Reconstruction Redevelopment (BRRRRR) due to proximity to major development projects, affordable multi-family units, and strong rental demand.

They paid the deposit and prorated rent, but they couldn't afford a full month of rent a week later.

I will purchase this 4-plex through an FHA Loan with 3.5% Down Payment and live there for at least 1 year until I can afford my next multi-family!

Yes, they should be happy to do it and yes, you'll have to find alternative solutions for the buy and rehab.

>Sacramento remains affordable at $1,850/month, with minimal growth.

Without a PM you can afford to pay top dollar for service professionals as needed.  

I now have a solution for closing these deals without needing a more experienced partner.

House hacking is the lowest risk way to get into REI as long as you take on a mortgage you can afford on your own income. 

Bottom line is you have to have a solid grip on what properties rent for in your market - not only direct comps to what you have but also what's above and below you, because tenants can and will move based on affordability both ways ("downsizing" to save money or "upsizing" because an extra $50/100 gets them a much nicer place).Once you intimately know what your market is, and what's available, you can compare what you are charging to those figures and adjust accordingly.

However, your property manager should be able to guide you on legal options and solutions to secure the property and possibly help with claims for damages.