Granted, I am very new and still learning to analyze properties, but it says in the description that it rented for $1272 and is listed at $375k.Not sure if you were just looking at houses in the price range that Jonathan mentioned and not too deep into the numbers, but how could that work for a house hack?

Thank you, @Deep Johal.

How are you valuing a property with negative NOI and what do you consider a "deep" discount?

Yes I belong to one of our local investment groups but I have never invested and the rest of the group is too deep into other projects.

If you have deep pockets and want to speculate on appreciation then I understand why this may make sense in "certain" situations. 

Sounds like you need to take a deep breath and realize it's almost over!!! 

not a great deal compared to buying 5 year term first trust deeps on performing rentals that pay 9 and 10% and you get paid off in 6 months then what .. no return.. until you find another deal so your drag on money turns your return much lower.. now if it was 10% or 7k over 6 months that would be something to think about.. but not an interest rate for such a short duration.

I don't mean to scare you away from investing, on the contrary, only suggesting that you dig deep.

Deep value businesses like Dollar General and McDonald's tend to do well when times are tough.

As an old boss told us once, 'you are standing waist deep in water complaining about how thirsty you are'.